Regional Venture Capital Fund

Trade and Industry written question – answered on 12th February 2004.

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Photo of Stephen O'Brien Stephen O'Brien Shadow Secretary of State for Business, Innovation and Skills, Shadow Secretary of State for Industry

To ask the Secretary of State for Trade and Industry what steps her Department is taking to introduce a standardised definition across each region of an application to a regional venture capital fund.

Photo of Nigel Griffiths Nigel Griffiths Parliamentary Under-Secretary, Department of Trade and Industry

The Government encourages the fund managers of these commercial funds, managed by experienced venture capital specialists, to share best practice in areas like the quality of applications.

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