MPs to probe VC market in new inquiry
An influential committee of MPs is launching a new inquiry into the venture capital (VC) market.
The Treasury Committee will explore the state of the UK’s VC industry, including the ability of firms to source financing to scale up, the extent to which start-ups and established industry cooperate, and the effectiveness of tax incentives.
The committee will also consider the regulation around venture capital, the role of key bodies such as the British Business Bank and the Advanced Research and Invention Agency.
Written evidence submissions from stakeholders, academics and those working in the industry are being requested.
MPs will hold oral evidence sessions and is likely to produce a report on its findings.
Mel Stride, chair of the Treasury Committee, said: “Venture capital has a key role in ensuring innovative UK firms prosper, and we want to make sure the market is working well.
“The government’s plan to enable the UK to continue advancing the frontiers of science and technology, as well as its ambitions on net zero and levelling up, will all be boosted if businesses are able to finance their work to achieve international success.”
The new inquiry will sit alongside the committee’s existing work on topics including Russian sanctions, post-Covid growth and the future of financial services.
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