Venture capital and regional development: Towards a venture capital 'system'
Abstract
This paper provides a critical review of UK government proposals to develop venture capital funds in the English regions to address the 'equity gap'. It argues that there is currently an adequate supply of equity-type funding under 250,000. The real equity gap is between the more informal, packaged finance structures and the formal venture capital market which is dominated by MBOs and MBIs. It is argued that the creation of strong venture capital markets in the regions requires the close co-ordination between all the various actors in the system at regional and national levels. Regional Development Agencies have the tools to enable them to perform this co-ordinating task.
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The importance of appropriate venture finance and loan finance for innovation has been widely documented.
“The importance of appropriate venture finance and loan finance for innovation has been widely documented (Harding, 2000).”
From Networking and innovation: a systematic review of the evidence (2004) · cites this paper as Harding, 2000
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Self-citation
- Authors
- Harding, R.
- Corresponding author
- Harding, Rebecca
- Venue
- Venture Capital
- Publisher
- Informa UK Limited
- Published
- 2000-10
- Volume
- 2
- Issue
- 4
- Pages
- 287-311
- ISSN
- 1369-1066 (ISSN-L)
- 1464-5343
- OpenAlex
- W1974216003
- Cited by
- 50
- References
- 0
- Citations by year
- 2025: 1 · 2024: 1 · 2023: 1 · 2022: 1 · 2019: 3 · 2018: 1 · 2014: 2 · 2012: 1
- FWCI
- 4.69
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Venture Capital (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Accounting › Private Equity and Venture Capital
- Social Sciences › Economics, Econometrics and Finance › Finance › Community Development and Social Impact
- Social Sciences › Political Science and International Relations › Regional Development and Policy
- Keywords
- regional development, equity gaps, regional development agencies, management buyout, management buy-in, informal finance, public policy, English regions
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