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Venture Capital, the Regions and Public Policy: The United Kingdom since the Post-2000 Technology Crash

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  • Colin Mason
  • Yannis Pierrakis

Abstract

Mason C. and Pierrakis Y. Venture capital, the regions and public policy: the United Kingdom since the post-2000 technology crash, Regional Studies . The geography of venture capital in the United Kingdom has been shaped since the year 2000 by a significant increase in public sector venture capital funds. Venture capital investments are now less concentrated in the South East. However, investment activity in the Midlands and North is dominated by the public sector. Deal sizes in these regions are small. Venture capital, measured by the total amount invested, remains over-concentrated in London and the South East where private sector investors continue to dominate. This paper concludes by questioning whether this increased dependence of Northern regions on public sector venture capital matters.

Suggested Citation

  • Colin Mason & Yannis Pierrakis, 2013. "Venture Capital, the Regions and Public Policy: The United Kingdom since the Post-2000 Technology Crash," Regional Studies, Taylor & Francis Journals, vol. 47(7), pages 1156-1171, July.
    • Handle: RePEc:taf:regstd:v:47:y:2013:i:7:p:1156-1171
    DOI: 10.1080/00343404.2011.588203
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    Cited by:

    1. Duan, Tinghua & Hou, Wenxuan & Rees, William, 2020. "CEO international experience and foreign IPOs," Economic Modelling, Elsevier, vol. 87(C), pages 461-470.
    2. Robert Gampfer & Jessica Mitchell & Blagoy Stamenow & Jana Zifciakova & Koen Jonkers, 2016. "Improving access to finance: which schemes best support the emergence of high-growth innovative enterprises? A mapping, analysis and assessment of finance instruments in selected EU Member States," JRC Research Reports JRC102928, Joint Research Centre.
    3. Elisa Ughetto & Marc Cowling & Neil Lee, 2019. "Regional and spatial issues in the financing of small and medium-sized enterprises and new ventures," Regional Studies, Taylor & Francis Journals, vol. 53(5), pages 617-619, May.
    4. Richard T Harrison & Babangida Yohanna & Yannis Pierrakis, 2020. "Internationalisation and localisation: Foreign venture capital investments in the United Kingdom," Local Economy, London South Bank University, vol. 35(3), pages 230-256, May.
    5. Pandey, Dharen Kumar & Hunjra, Ahmed Imran & Hassan, M. Kabir & Rai, Varun Kumar, 2023. "Venture capital financing during crises: A bibliometric review," Research in International Business and Finance, Elsevier, vol. 64(C).
    6. Jagjit S. Chadha & Issam Samiri, 2022. "Macroeconomic Perspectives on Productivity," Working Papers 030, The Productivity Institute.
    7. Massimiliano Guerini & Francesca Tenca, 2018. "The geography of technology-intensive start-ups and venture capital: European evidence," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 45(3), pages 361-386, September.
    8. Brown, Ross & Lee, Neil, 2014. "Funding issues confronting high growth SMEs in the UK," LSE Research Online Documents on Economics 57264, London School of Economics and Political Science, LSE Library.
    9. Alperovych, Yan & Groh, Alexander & Quas, Anita, 2020. "Bridging the equity gap for young innovative companies: The design of effective government venture capital fund programs," Research Policy, Elsevier, vol. 49(10).
    10. Robert Baldock, 2016. "An assessment of the business impacts of the UK’s Enterprise Capital Funds," Environment and Planning C, , vol. 34(8), pages 1556-1581, December.
    11. Ghinami, Francesca & Montresor, Sandro, 2023. "Tangible and intangible proximities in the access to Venture Capital: evidence from Italian innovative start-ups," SocArXiv hqrj7, Center for Open Science.
    12. Colin M Mason & Richard T Harrison, 2015. "Business Angel Investment Activity in the Financial Crisis: UK Evidence and Policy Implications," Environment and Planning C, , vol. 33(1), pages 43-60, February.
    13. Munari, Federico & Toschi, Laura, 2015. "Assessing the impact of public venture capital programmes in the United Kingdom: Do regional characteristics matter?," Journal of Business Venturing, Elsevier, vol. 30(2), pages 205-226.
    14. Yannis Pierrakis & George Saridakis, 2019. "The role of venture capitalists in the regional innovation ecosystem: a comparison of networking patterns between private and publicly backed venture capital funds," The Journal of Technology Transfer, Springer, vol. 44(3), pages 850-873, June.
    15. Pierrakis, Yannis & Saridakis, George, 2017. "Do publicly backed venture capital investments promote innovation? Differences between privately and publicly backed funds in the UK venture capital market," Journal of Business Venturing Insights, Elsevier, vol. 7(C), pages 55-64.
    16. Jonathan Labbe, 2021. "Study of The Relationship Between Public and Private Venture Capitalists in France: A Qualitative Approach," Post-Print hal-03381477, HAL.
    17. Jonathan Labbe, 2021. "Study of The Relationship Between Public and Private Venture Capitalists in France: A Qualitative Approach," Papers 2110.09098, arXiv.org.
    18. Robyn Owen (Baldock) & Colin Mason, 2017. "The role of government co-investment funds in the supply of entrepreneurial finance: An assessment of the early operation of the UK Angel Co-investment Fund," Environment and Planning C, , vol. 35(3), pages 434-456, May.

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