Establishing a new UK finance escalator for innovative SMEs: the roles of the Enterprise Capital Funds and Angel Co-investment Fund

This paper examines UK public policy addressing the seed and early stage equity finance gap since the Global Financial Crisis (GFC). Drawing on lessons learned from recent studies of UK and international government equity schemes, two contemporary models of government backed equity finance are examined. The focus is on the Enterprise Capital Funds (ECFs) and the Angel Co-investment Fund (ACF), the UK government’s main schemes operating in the sub-£2m equity finance gap to address the capital requirements for developing the UK’s young, potential high growth businesses. The paper highlights the shortcomings of traditional interim fund performance analysis and presents current demand and supply side evidence that establishes that these schemes are making attributable impacts on their portfolio businesses and the wider UK economy. It also demonstrates that they are playing important roles in the establishment of a new post GFC UK finance escalator. However, whilst these schemes were found to be currently complementary and effective, their future roles within the UK’s evolving post GFC seed and early stage equity markets are also considered. Key Words: Government Equity Schemes, Venture Capital, Potential High Growth SME

Transactions costs in rural decision-making: The cases of funding and monitoring in rural development in England

Public domain decisions in rural England have become more complex as the number of stakeholders having a say in them has increased. Transactions costs can be used to explore this increasing complexity. The size and distribution of these costs are higher in rural areas. Grouping transactions costs into four - organizations, belief systems, knowledge and information, and institutions - two of the latter are evaluated empirically: growth in the bid culture, and monitoring and evaluation. Amongst 65 Agents of Rural Governance (ARGs) in Gloucestershire, both were found to be increasing over time, but those relating to finance were a greater burden than those of monitoring: the latter can improve ARG performance. Increasing transactions costs in rural decision-making appears to be at variance with ambitions of achieving 'smaller government' through, for example, the Big Society. Smaller government is likely to be shifting the incidence of these costs, rather than reducing them. © 2011 Blackwell Publishing Ltd

Key Bottlenecks to Economic Growth in Pakistan: An Extended Three-Gap Analysis

Abstract This paper analyzes the significance of public and private savings for sustainable economic growth in Pakistan. We formulate a three gap model and estimate it using annual data covering more than a half century period from FY1962 to FY2013. Our estimation results of extended model along with counterfactual simulation show that both foreign exchange and fiscal gaps restrain economic growth in Pakistan. The fiscal gap also appears to be a more binding constraint than foreign exchange constraint. We recommend that improving tax revenue collection can help provide the fiscal space required for ensuring long term stable economic growth

Community Artists' Collective records (MS 620)

Program for the eighth annual meeting of the Business Volunteers for the Arts/Houston taking place on May 30, 1990. It contains information about the organization, the award recipients, and the schedule for the night

Community Artists' Collective records (MS 620)

Invitation to the eighth annual meeting of the Business Volunteers for the Arts/Houston taking place on May 30, 1990. The meeting will feature an award ceremony for distinguished members

Business support for the arts 1995/96 National research survey

SIGLEAvailable from British Library Document Supply Centre-DSC:2934.8427(1995/96) / BLDSC - British Library Document Supply CentreGBUnited Kingdo

Arts 93 Audiences, attitudes and sponsorships; a national research survey among more than 8000 visitors to arts events

Sponsored by Clerical Medical Investment GroupSIGLEGBUnited Kingdo

Business support for the arts 1994/95 National research survey

SIGLEAvailable from British Library Document Supply Centre-DSC:2934.8427(1994/95) / BLDSC - British Library Document Supply CentreGBUnited Kingdo

Evaluating arts sponsorship Finding your way

SIGLEAvailable from British Library Document Supply Centre- DSC:q95/03728 / BLDSC - British Library Document Supply CentreGBUnited Kingdo

ABSA/WH Smith sponsorship manual

Available from British Library Document Supply Centre-DSC:q97/03518 / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo