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1503455

registered interest
date	02/09/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Business: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to help ensure that (a) venture capital and (b) private equity firms continue to invest in (i) small and medium size enterprises and (ii) other British businesses.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	45164
answer	answer is ministerial correction date of answer 21/09/2022 answer text <p>Through the British Business Bank (BBB), the UK’s largest venture capital investor, the Department helps to ensure access to investment for businesses throughout the United Kingdom.</p><p> </p><p>The BBB invests in well-established funds through British Patient Capital and in new fund managers through its Enterprise Capital Funds programme. The BBB also co-invests directly in companies alongside private investors through Future Fund: Breakthrough. These interventions, together with a supportive tax and regulatory environment, help to maintain the UK’s finance ecosystem as the most mature and successful in Europe.</p> answering member constituency Watford answering member printed Dean Russell question first answered 21/09/2022 16:52:46 answering member 4812 label Biography information for Dean Russell
tabling member	4866 label Biography information for Alexander Stafford

1503456

registered interest
date	02/09/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Rother Valley
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent steps he has taken to attract venture capital investment to SMEs operating in Rother Valley constituency.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	45165
answer	answer is ministerial correction date of answer 21/09/2022 answer text <p>The £500m Northern Powerhouse Investment Fund (NPIF), managed by the British Business Bank, works with the private sector to provide and attract a mixture of debt and equity capital to northern-based SMEs at all stages of their development. NPIF covers the areas of the North West, Yorkshire and the Humber and Tees Valley (including the Rother Valley constituency).</p><p> </p><p>As at July 2022, NPIF had directly invested £2.56 million into 6 SMEs in the Rother Valley constituency, leveraging in £1.42 million of private sector investment. £1.95 million of the NPIF investment took the form of equity, attracting £403,174 of private sector equity investment into two SMEs.</p><p> </p><p>As part of the October 2021 Spending Review, my Rt. Hon. Friend the then Chancellor of the Exchequer announced £660 million for the next generation of the NPIF, including an expansion into the North East of England.</p> answering member constituency Watford answering member printed Dean Russell question first answered 21/09/2022 16:51:22 answering member 4812 label Biography information for Dean Russell
tabling member	4866 label Biography information for Alexander Stafford

1503516

registered interest
date	02/09/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what support the Government is providing to SMEs looking to attract finance from venture capital firms.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	45234
answer	answer is ministerial correction date of answer 21/09/2022 answer text <p>The UK has a robust R&amp;D funding ecosystem, boasting the most mature venture capital market in Europe. At least £26 billion was raised in 2021 to start and grow innovative businesses, more than France and Germany combined. SMEs have access to a wide range to accelerator and incubator programmes and to the online Finance Hub provided by the British Business Bank, which includes information on how to pitch successfully for venture capital investment.</p> answering member constituency Watford answering member printed Dean Russell question first answered 21/09/2022 16:49:33 answering member 4812 label Biography information for Dean Russell
tabling member	4866 label Biography information for Alexander Stafford

1503518

registered interest
date	02/09/2022
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Small Businesses: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make a comparative assessment of the level of investment in SMEs by (a) the British Business Bank and (b) private equity or venture capital firms in the UK.
tabling member constituency	Rother Valley
tabling member printed	Alexander Stafford
uin	45168
answer	answer is ministerial correction date of answer 21/09/2022 answer text <p>The British Business Bank’s equity programmes operate through the market in partnership with the private sector, crowding in private sector investment into equity and venture capital (VC) funds in order to increase the amount and diversity of equity finance available to smaller businesses.</p><p> </p><p>British Business Bank analysis of PitchBook data shows the British Business Bank to be the largest UK-based LP investor in UK VC funds between 2017 and 2022, based on amount committed and also the number of funds committed to. As at March 2022, the Bank had committed £3.836 billion into 357 equity funds, and these funds (including leveraged private sector funding) had invested £6.115 billion into 4,770 UK SMEs. The Bank estimates its equity programmes have supported around 14% of all announced equity deals between 2019 and 2021.</p> answering member constituency Watford answering member printed Dean Russell question first answered 21/09/2022 16:48:59 answering member 4812 label Biography information for Dean Russell
tabling member	4866 label Biography information for Alexander Stafford