Early assessment of the UK innovation investment fund

The UK Innovation Investment Fund (UKIIF), announced by the UK Government in June 2009, is a venture capital fund of funds that aims to drive economic growth and create highly skilled jobs by investing in innovative businesses where there are significant growth opportunities. The UKIIF attempts to mark a step change in the UK venture capital (VC) market by establishing a substantial fund of funds that will replicate the best US funds by making investments at all business stages, with the market scale that can build companies with global reach. The underlying funds within the UKIIF fund of funds will invest in technology based businesses in strategically important sectors to the UK including digital technologies, life sciences1, clean technology2 and advanced manufacturing. This research provides an early assessment of the lessons learned in implementing and delivering the UKIIF ahead of the main evaluation and provides early indications of the extent to which it is addressing market failures in the UK VC market and contributing to business growth

Recent and Long-Term Behavior of the Brawley Fault Zone, Imperial Valley, California: An Escalation in Slip Rate?

The Brawley fault zone (bfz) and the Brawley Seismic Zone constitute the principal transfer zone accommodating strain between the San Andreas and Imperial faults in southernmost California. The bfz ruptured along with the Imperial fault in the 1940 M_w 6.9 and the 1979 M_w 6.4 earthquakes, although in each case only minor slip apparently occurred on the bfz; several other episodes of slip and creep have been documented on the bfz historically. Until this study, it has been unclear whether the past few decades reflect average behavior of the fault. Two trenches were opened and a series of auger holes were bored across three strands of the bfz at Harris Road to compare the amount of slip observed historically with the displacements observed in the paleoseismic record. Evidence is presented, across the westernmost strand of the bfz and across the entire bfz at Harris Road, to show that both the average vertical slip rate observed in modern times (since 1970) and the vertical creep rate (excluding coseismic slip) observed during the 1970s are significantly higher than the long-term average. Across the westernmost strand, the long- term vertical rate is 1.2 (+1.5/−0.5) mm/yr, and the average rate since about a.d. 1710 is determined to be no greater than 2.0 mm/yr; in contrast, the average vertical rate between 1970 and 2004 across that strand was at least 4.3 mm/yr, and the 1970s vertical aseismic creep rate was 10 mm/yr. Likewise, across the entire bfz, the long- term vertical rate is 2.8 (+4.1/−1.4) mm/yr, whereas the rate between 1970 and 2004 was at least 7.2 mm/yr, and the 1970s aseismic creep rate was 10 mm/yr. The long-term strike-slip rate cannot be determined across any strands of the bfz but may be significant. In contrast to the commonly accepted higher sedimentation rates inferred for the entire Imperial Valley, we find that the average sedimentation rate on the downthrown side of the bfz adjacent to Mesquite Basin, in the millennium preceding the onset of agricultural influences, was at most 3.5 mm/yr. Finally, a creep event occurred on the bfz during our study in 2002 and is documented herein

Evidence for a late glacial advance near the beginning of the Younger Dryas in western New York State: An event postdating the record for local Laurentide ice sheet recession

Widespread evidence of an unrecognized late glacial advance across preexisting moraines in western New York is confirmed by 40 14C ages and six new optically stimulated luminescence analyses between the Genesee Valley and the Cattaraugus Creek basin of eastern Lake Erie. The Late Wisconsin chronology is relatively unconstrained by local dating of moraines between Pennsylvania and Lake Ontario. Few published 14C ages record discrete events, unlike evidence in the upper Great Lakes and New England. The new 14C ages from wood in glacial tills along Buttermilk Creek south of Springville, New York, and reevaluation of numerous 14C ages from miscellaneous investigations in the Genesee Valley document a significant glacial advance into Cattaraugus and Livingston Counties between 13,000 and 13,300 cal yr B.P., near the Greenland Interstadial 1b (GI-1b) cooling leading into the transition from the Bölling-Alleröd to the Younger Dryas. The chronology from four widely distributed sites indicates that a Late Wisconsin advance spread till discontinuously over the surface, without significantly modifying the preexisting glacial topography. A short-lived advance by a partially grounded ice shelf best explains the evidence. The advance, ending 43 km south of Rochester and a similar distance south of Buffalo, overlaps the revised chronology for glacial Lake Iroquois, now considered to extend from ca. 14,800–13,000 cal yr B.P. The spread of the radiocarbon ages is similar to the well-known Two Creeks Forest Bed, which equates the event with the Two Rivers advance in Wisconsin

Early assessment of the impact of BIS equity fund initiatives

CEEDR provided an early assessment of the economic effectiveness of four equity funds (Enterprise Capital Fund, Capital for Enterprise Fund, Aspire Fund and Early Growth Fund) that the Government has introduced in recent years to address market failures in the provision of finance to SMEs. The research, largely undertaken by Professor North and Dr Baldock involved 51 in-depth qualitative face-to-face and extended telephone interviews with SME managers in order to provide analysis of the impacts of the government equity funds on successful and unsuccessful applicant businesses and the extent to which alternative sources of equity and debt finance were considered and sourced

Spatially Heterogeneous Post-Caledonian Burial and Exhumation Across the Scottish Highlands

The postassembly, postrift evolution of passive margins is an essential element of global continental tectonics. Thermal and exhumational histories of passive margins are commonly attributed to a number of drivers, including uplift and erosional retreat of a rift-flank escarpment, intraplate fault reactivation, mantle-driven uplift, and erosional disequilibrium, yet in many cases, a specific factor may appear to dominate the history of a given passive margin. Here, we investigate the complex evolution of passive margins by quantifying exhumation patterns in western Scotland. We build upon the well-studied thermal evolution of the Scottish North Atlantic passive margin to test the importance of spatially heterogeneous factors in driving postorogenic burial and exhumation. Independent investigations of the cooling history from seven different field sites across the western Scottish Highlands using radiogenic apatite helium thermochronometry ([U-Th]/He; n = 14; ca. 31–363 Ma) and thermal modeling confirm that post-Caledonian heating and burial, as well as cooling and exhumation, must have been variable across relatively short distances (i.e., tens of kilometers). Heating associated with Paleogene hotspot activity and rifting locally explains some of this spatial variation, but additional drivers, including margin tilting during rifting, vertical separation along reactivated faults, and nonuniform glacial erosion in the late Cenozoic, are also likely required to produce the observed heterogeneity. These results indicate that passive margins may experience variable burial, uplift, and erosion patterns and histories, without exhibiting a single, dominant driver for behavior before, during, and after rifting

The effect of moving to East Village, the former London 2012 Olympic and Paralympic Games Athletes' Village, on mode of travel (ENABLE London study, a natural experiment)

Background Interventions to encourage active modes of travel (walking, cycling) may improve physical activity levels, but longitudinal evidence is limited and major change in the built environment / travel infrastructure may be needed. East Village (the former London 2012 Olympic Games Athletes Village) has been repurposed on active design principles with improved walkability, open space and public transport and restrictions on residential car parking. We examined the effect of moving to East Village on adult travel patterns. Methods One thousand two hundred seventy-eight adults (16+ years) seeking to move into social, intermediate, and market-rent East Village accommodation were recruited in 2013–2015, and followed up after 2 years. Individual objective measures of physical activity using accelerometry (ActiGraph GT3X+) and geographic location using GPS travel recorders (QStarz) were time-matched and a validated algorithm assigned four travel modes (walking, cycling, motorised vehicle, train). We examined change in time spent in different travel modes, using multilevel linear regresssion models adjusting for sex, age group, ethnicity, housing group (fixed effects) and household (random effect), comparing those who had moved to East Village at follow-up with those who did not. Results Of 877 adults (69%) followed-up, 578 (66%) provided valid accelerometry and GPS data for at least 1 day (≥540 min) at both time points; half had moved to East Village. Despite no overall effects on physical activity levels, sizeable improvements in walkability and access to public transport in East Village resulted in decreased daily vehicle travel (8.3 mins, 95%CI 2.5,14.0), particularly in the intermediate housing group (9.6 mins, 95%CI 2.2,16.9), and increased underground travel (3.9 mins, 95%CI 1.2,6.5), more so in the market-rent group (11.5 mins, 95%CI 4.4,18.6). However, there were no effects on time spent walking or cycling

Short-term studies underestimate 30-generation changes in a butterfly metapopulation

Most studies of rare and endangered species are based on work carried out within one generation, or over one to a few generations of the study organism. We report the results of a study that spans 30 generations (years) of the entire natural range of a butterfly race that is endemic to 35 km2 of north Wales, UK. Short-term studies (surveys in single years and dynamics over 4 years) of this system led to the prediction that the regional distribution would be quite stable, and that colonization and extinction dynamics would be relatively unimportant. However, a longer-term study revealed unexpectedly high levels of population turnover (local extinction and colonization), affecting 18 out of the 20 patches that were occupied at any time during the period. Modelling the system (using the 'incidence function model' (IFM) for metapopulations) also showed higher levels of colonization and extinction with increasing duration of the study. The longer-term dynamics observed in this system can be compared, at a metapopulation level, with the increased levels of variation observed with increasing time that have been observed in single populations. Long-term changes may arise from local changes in the environment that make individual patches more or less suitable for the butterfly, or from unusual colonization or extinction events that take metapopulations into alternative states. One implication is that metapopulation and population viability analyses based on studies that cover only a few animal or plant generations may underestimate extinction threats

Miocene - Quaternary tectonic evolution of the northern eastern California shear zone

The northern eastern California shear zone is an important component of the Pacific– North America plate boundary. This region of active transtensional deformation east of the San Andreas fault extends from the Garlock fault northward along the east side of the Sierra Nevada and into western Nevada. The eastern California shear zone is thought to accommodate nearly a quarter of relative plate motion between the Pacific and North America plates. Recent studies in the region, utilizing innovative methods such as cosmogenic nuclide geochronology, airborne lidar, structural mapping, and (U-Th)/He geochronology, are helping elucidate deformation histories for many of the major structures that comprise the eastern California shear zone. This field trip includes 12 stops focused on the active tectonics of the Sierra Nevada, Inyo Mountains, Coso Range, Poverty Hills, Volcanic Tableland, Fish Lake Valley, and Queen Valley. Trip participants will explore a rich record of the spatial and temporal tectonic evolution of the northern eastern California shear zone from the Miocene through the Holocene. Discussion will focus on the constancy of strain accumulation and release, timing of offset on faults, the origin and evolution of structures, distribution of strain, the various techniques used to determine fault displacements and slip rates, and the role and evolution of the eastern California shear zone as an increasingly important component of the Pacific–North America plate boundary

Timing and nature of alluvial fan and strath terrace formation in the Eastern Precordillera of Argentina

Sixty-eight 10Be terrestrial cosmogenic nuclide (TCN) surface exposure ages are presented to define the timing of alluvial fan and strath terrace formation in the hyper-arid San Juan region of the Argentine Precordillera. This region is tectonically active, and numerous fault scarps traverse Quaternary landforms. The three study sites, Marquesado strath complex, Loma Negra alluvial fan and Carpintería strath complex reveal a history of alluvial fan and strath terrace development over the past w225 ka. The Marquesado complex Q3m surface dates to w17 3 ka, whereas the Loma Negra Q1ln, Q2ln, Q3ln, Q4ln, and Q5ln surfaces date to w24 3 ka, w48 2 ka, w65 13 ka, w105 21 ka, and w181 29 ka, respectively. The Carpintería complex comprises eight surfaces that have been dated and include the Q1c (w23 3 ka), Q2c (w5 5 ka), Q3ac (w25 12 ka), Q3bc (w29 15 ka), Q4c (w61 12 ka), Q5c (w98 18 ka), Q6c (w93 18 ka), and Q7c (w212 37 ka). 10Be TCN depth profile data for the Loma Negra alluvial fan complex and Carpintería strath terrace complex, as well as OSL ages on some Carpintería deposits, aid in refining surface ages for comparison with local and global climate proxies, and additionally offer insights into inheritance and erosion rate values for TCNs (w10 104 10Be atoms/g of SiO2 and w5 m Ma 1, respectively). Comparison with other alluvial fan studies in the region show that less dynamic and older preserved surfaces occur in the Carpintería and Loma Negra areas with only younger alluvial fan surfaces preserved both to the north and south. These data in combination with that of other studies illustrate broad regional agreement between alluvial fan and strath terrace ages, which suggests that climate is the dominant forcing agent in the timing of terrace formation in this region

Analysis of Rock Varnish from the Mojave Desert by Handheld Laser-Induced Breakdown Spectroscopy

Laser-induced breakdown spectroscopy (LIBS) is a form of optical emission spectroscopy that can be used for the rapid analysis of geological materials in the field under ambient environmental conditions. We describe here the innovative use of handheld LIBS for the in situ analysis of rock varnish. This thinly laminated and compositionally complex veneer forms slowly over time on rock surfaces in dryland regions and is particularly abundant across the Mojave Desert climatic region of east-central California (USA). Following the depth profiling examination of a varnished clast from colluvial gravel in Death Valley in the laboratory, our in situ analysis of rock varnish and visually similar coatings on rock surfaces was undertaken in the Owens and Deep Spring valleys in two contexts, element detection/identification and microchemical mapping. Emission peaks were recognized in the LIBS spectra for the nine elements most abundant in rock varnish—Mn, Fe, Si, Al, Na, Mg, K, Ca and Ba, as well as for H, Li, C, O, Ti, V, Sr and Rb. Focused follow-up laboratory and field studies will help understand rock varnish formation and its utility for weathering and chronological studies