This review, led by venture capitalist Chris Rowlands, aims to examine the market for growth capital available to UK small and medium sized enterprises. Combining evidence from interviews and quantitative analysis, it examines how effectively the markets for bank and venture capital finance supply the need for growth capital, and how government might intervene to ensure that UK companies with the potential to grow have the finance they need. The Provision of Growth Capital to UK Small and Medium Sized Chris Rowlands has said: “The basic question of adequacy of access to capital for SMEs is not Enterprises a new one and a conclusion of a market gap in provision is unlikely to be controversial. However, the Government was right to ask for an urgent update of the analysis and arguments. Our economy cannot afford the dynamic SME segment to be constrained in its growth and competitiveness, especially with recovery ahead.” 23 November 2009 ISBN 978-0-11-515525-3 9 780115 155253 www.tso.co.uk 6331 Rowlands Cover v0_1.indd 1 24/11/09 15:33:21 The Provision of Growth Capital to UK Small and Medium Sized Enterprises 23 November 2009 London: TSO 6331 Rowlands GCR v0_2.indd 1 24/11/09 15:20:06 Published by TSO (The Stationery Office) and available from: Online www.tsoshop.co.uk Mail, Telephone, Fax & E-mail TSO PO Box 29, Norwich, NR3 1GN Telephone orders/General enquiries: 0870 600 5522 Fax orders: 0870 600 5533 E-mail:
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