HC Deb 17 December 2001 vol 377 c113W
Matthew Taylor

To ask the Secretary of State for Trade and Industry what assessment she made of the impact of Scottish Enterprise on the business birth rate when deciding to increase the amount of money given to regional venture capital funds. [22498]

Nigel Griffiths

In developing Regional Venture Capital Funds the experiences of schemes and initiatives elsewhere, including Scotland, were considered. The Regional Venture Capital Funds have been specifically designed to address the equity gap and their primary focus will be on existing businesses with significant growth prospects. It is unlikely that these funds would invest in start-up businesses, but they are not excluded from the programme.

Regional Venture Capital Funds are highly innovative in their approach and will bring together public and private equity finance of up to £270 million to invest in small growing businesses in the English regions.