Venture Capital market explored by MPs
24 June 2022
In the first session of its inquiry into the UK’s venture capital (VC) market, the Treasury Committee hears from industry representatives at 3:15pm on Monday 27 June.
Purpose of the session
MPs are likely to use the session to consider the state of the market and its outlook as interest rates rise and growth is forecast to slow.
While the first quarter of 2022 appeared successful for VC, with data platform Beauhurst reporting that £8.79bn was invested into private UK companies during the quarter, economic uncertainty is reportedly causing nervousness in the VC market.
Witnesses’ views are likely to be sought on tax reliefs for VC and the regulation of VC funds.
Also likely to be considered are gaps in the reach of VC funding, including weaknesses in the diversity of who funding is provided to, and VC’s regional impact, given that a significant proportion of the industry is focused on the ‘Golden Triangle’ of London, Cambridge and Oxford.
3:15pm, Monday 27 June 2022
- Will Fraser-Allen, Chair designate at The Venture Capital Trust Association (VCTA)
- Michael Moore, Director General at British Private Equity and Venture Capital Association (BVCA)
- Christiana Stewart-Lockhart, Director General at Enterprise Investment Scheme Association (EISA)
- Richard Stone, Chief Executive at Association of Investment Companies (AIC)