Venture capital programmes in the UK and Germany: In what sense regional policies?

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Venture capital programmes in the UK and Germany: In what sense regional policies?

Author Info

PETER SUNLEY
BRITTA KLAGGE
CHRISTIAN BERNDT
RON MARTIN

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Ronald Leonard Martin

Abstract

Sunley P., Klagge B., Berndt C. and Martin R. (2005) Venture capital programmes in the UK and Germany: in what sense regional policies?, Regional Studies 39 , 255--273. The paper considers how far and in what ways venture capital policies in the UK and Germany have been constructed as regional policy interventions. It begins by explaining two justifications for adding a regional dimension to venture capital policy and outlines the development of such policy in the two states. It explains the contrasting policy regimes and the means of intervention employed. Despite their marked differences, venture capital policies in both states are regionalized to only a limited degree. However, the uneven regional operations and effects of such policies are likely to produce an unintended regionalization of outcomes that may contradict the aims of closing regional disparities in risk finance and entrepreneurialism.

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Article provided by Taylor and Francis Journals in its journal Regional Studies.

Volume (Year): 39 (2005)
Issue (Month): 2 (April)
Pages: 255-273
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Handle: RePEc:taf:regstd:v:39:y:2005:i:2:p:255-273

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Andrea Schertler, 2002. "Comparative Advantages of Public Loan and Public Equity Schemes in Venture Capital Markets," Kiel Working Papers 1118, Kiel Institute for the World Economy. [Downloadable!]
Ron Martin & Peter Sunley, 2002. "Taking risks in regions: the geographical anatomy of Europe's emerging venture capital market," Journal of Economic Geography, Oxford University Press, vol. 2(2), pages 121-150, April.
Josh Lerner, 2002. "When Bureaucrats Meet Entrepreneurs: The Design of Effective "Public Venture Capital" Programmes," Economic Journal, Royal Economic Society, vol. 112(477), pages F73-F84, February. [Downloadable!] (restricted)

Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Dorothea Schaefer & Dirk Schilder, 2007. "Smart capital in German start-ups - an empirical analysis," Jena Economic Research Papers in Economics 2007-015, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek. [Downloadable!]
Dorothea Schäfer & Dirk Schilder, 2006. "Informed Capital in a Hostile Environment: The Case of Relational Investors in Germany," Discussion Papers of DIW Berlin 549, DIW Berlin, German Institute for Economic Research. [Downloadable!]
Dafna Schwartz & Raphael Bar-El, 2006. "Venture Investments in Israel - A Regional Perspective Dafna Schwartz and Raphael Bar-El Ben-Gurion University, School of Management, Israel," ERSA conference papers ersa06p868, European Regional Science Association. [Downloadable!]
Michael Fritsch & Dirk Schilder, 2006. "Does Venture Capital Investment Really Require Spatial Proximity? An Empirical Investigation," Papers on Entrepreneurship, Growth and Public Policy 2006-14, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group. [Downloadable!]
Other versions:
- Michael Fritsch & Dirk Schilder, 2008. "Does venture capital investment really require spatial proximity? An empirical investigation," Environment and Planning A, Pion Ltd, London, vol. 40(9), pages 2114-2131, September. [Downloadable!] (restricted)
V. Collewaert & S. Manigart & R. Aernoudt, 2007. "An Assessment Of Government Funding Of Business Angel Networks: A Regional Study," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 07/455, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
Other versions:
- Collewaert, V. & Manigart, S. & Rudy Aernoudt, 2007. "An assessment of government funding of business angel networks: a regional study," Vlerick Leuven Gent Management School Working Paper Series 2007-16, Vlerick Leuven Gent Management School. [Downloadable!]

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