The Treasury's "patient capital" review has put forward a whole range of ideas for supporting investment in those businesses that want to make the jump from "start-up" to "scale-up", and some of its proposals would undoubtedly cost public money, writes Dermot Campbell, CEO of Kuber Ventures.
The opportunities exist to in the words of the Conservative Party manifesto: "We will help innovators and start-ups, by encouraging early stage investment and considering further incentives under our world leading Enterprise Investment Scheme and Seed Enterprise Investment Scheme." In the words of the review's consultation document: "[T]he first step in funding any new commitments should be to re-prioritise existing resources where these are being used less effectively." The review is correct to identify - the Seed Enterprise Investment Scheme (SEIS), the Enterprise Investment Scheme ...
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