'Investment Readiness': A Critique of Government Proposals to Increase the Demand for Venture Capital

Colin Mason and Richard Harrison

Regional Studies, 2001, vol. 35, issue 7, 663-668

Abstract: Intervention to address the equity gap has traditionally concentrated on supply-side initiatives. However, it is now recognized that demand side deficiencies are a significant reason why small and medium enterprises (SMEs) are unsuccessful in raising venture capital. This reinterpretation is reflected in recent documents from the UK government - most recently a Consultative Paper from HM Treasury and the Small Business Service - which have highlighted the need for SMEs to become 'investment ready' in order to take advantage of the increased supply of venture capital that is now available. This article provides a critique of the Consultative Document's definition of investment readiness and outlines a programme to enhance investment readiness amongst SMEs.

Keywords: Venture Capital Equity Gap Business Angels Smes Investment Readiness Small Firm Policy (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1080/00343400120075939

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