On February 6th, PRO hosted a roundtable with Exchequer Secretary Gareth Davies MP, policy-shapers, VCs and scale-up business leaders from across the UK.

Discussions included:
– How devolution can support access to capital for companies across the country outside of the ‘golden triangle’

– What sorts of new VC investment vehicles should be proposed to HM Treasury following Monday’s news of more British Business Bank funding

– How institutions such as British Business Bank and UK Infrastructure Bank are poised to co-invest (and how the rigidity of dealing with such institutions could be improved)

– The Mansion House Venture Capital Compact has been universally welcomed for enabling equity injection. However, Can Government successfully incentivise investment in UK scale-ups, as it has managed with startups through schemes such as SEIS and EIS

At the time of the event, it was under a month until the 2024 spring Budget.

About the Author: Drew Salisbury