The venture capital market

Treasury Committee Closed Inquiry
Opened: 28 Apr 2022 Closed: 16 Jan 2024 Parliament page
The Committee is holding a short inquiry into the venture capital market. Read the call for evidence to find out more about the inquiry
8 Recommendations
10 Conclusions
1 Report
6 Letters
4 Events
Activity timeline 12 events
20 Oct
2023
Report published
20 Oct
2023
Correspondence
24 Jul
2023
Report published
24 May
2023
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
10 Mar
2023
Correspondence
10 Mar
2023
Correspondence
10 Mar
2023
Correspondence
31 Jan
2023
Formal meeting (oral evidence session) · The Thatcher Room, Portcullis House
14 Sep
2022
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
7 Sep
2022
Correspondence
7 Sep
2022
Correspondence
27 Jun
2022
Formal meeting (oral evidence session) · The Wilson Room, Portcullis House
Title HC No. Published Items Response
Nineteenth Report - Venture Capital HC 134 24 Jul 2023 18 Responded
Recommendations & Conclusions
1 result
Clear
4 Recommendation Accepted in Part
Nineteenth Report - Venture Capital
Venture capital market diversity statistics remain unacceptable and progress too slow.
The diversity statistics in the venture capital market are unacceptable. Venture capital firms are dominated overwhelmingly by white men, and the recipients of venture capital funding are even more unrepresentative of the wider UK population in terms of gender and … Read more
Government Response
The government agrees on the importance of a diverse and inclusive investment landscape and highlights existing initiatives like the Investing in Women Code. While acknowledging the importance of understanding demographic diversity, it rejects requiring businesses to disclose protected characteristics due to legal complexity and administrative burden, instead stating HMRC is reviewing data collection methods and the Integrated Data Service may offer future information.
HM Treasury
View details
Government Response AI assessment · 18 of 8 classified
Accepted 7
Accepted in Part 1
Acknowledged 5
Not Addressed 1
Rejected 4
Total 8 recs + 10 conclusions
Correspondence 6 letters
20 Oct 2023 To committee Letter from the Chair to HM Treasury, relating to the 'Venture Capital' report Government response, dated 20 October
Parliament page
10 Mar 2023 Correspondence from the Chair to the Chancellor, relating to the sunset clause on EIS/VCT, dated 14 February
Parliament page
10 Mar 2023 Correspondence from the Chancellor, relating to the sunset clause on EIC/VCT, dated 7 March
Parliament page
10 Mar 2023 Written evidence from the Association of Investment Companies
Parliament page
7 Sep 2022 To committee Letter from the Permanent Secretary, HM Treasury, relating to Venture Capital, dated 16 August
Parliament page
7 Sep 2022 To committee Letter from the Chair to the Permanent Secretary, HM Treasury, relating to Venture Capital, dated 18 July
Parliament page