Venture Capital expenditure reports ....
USA $29.9 Billion
India $8.3 Billion
United Kingdom $795 Million
Question for you Blindhelpermonkey ???
I thought Maggie was all about the free market and capitalism.
From what I see, her legacy is a joke with the States and India streets ahead of the UK when it comes to setting up and funding a business, even when you account for the population bias
Nice legacy Maggie, you basically sold out the country so we can have pro rated 12% of the venture capital activity of the United States
In other words your getting 8 times as much chance of getting funding for a new business in the USA as you do in the UK
Nice one Maggie.
Since when is venture capital the main measure of a free market and capitalism? India's economy is much more rigid than Britains, and there are a lot of barriers to outside investment, yet they are higher. Not to mention that even in the US of the 2 million businesses started last year, only 3-400 got VC. In other words, it has nothing to do with your chances as a new business of getting funding. So a pretty poor measure all round.
Nevertheless let's see:
The UK led the rest of Europe in venture capital investment by a wide margin during 2006, according to data group Library House.
Fast-growing businesses, many of them in high-tech fields, sold 515 minority stakes worth €1.78bn (£1.19bn). France came second with 195 deals worth €875m; Spain was third, ahead of Germany, with 67 transactions valued at €491m.
"There is a common perception that the UK is better [for venture capital investment] than continental Europe," said Doug Richard, chairman of Library House, "But the disparity is much greater than anyone imagined."
In part it reflects a better-developed culture of equity investment in the UK, which contrasts with a continental penchant for debt funding. Mr Richard said the trend was also driven by the UK's strong science base, London's status as a world financial centre and the success of Aim in providing exits. Mr Richard, an American based in Cambridge, said: "In the UK we are always beating ourselves up about how badly we are doing [in venture capital], but we are still doing better than most US states."
http://www.ft.com/cms/s/0/68db2414-bc99-11db-9cbc-0000779e2340.html#axzz2QYlONW5D
It might be worth baring in mind that you didn't bother to reference what you've said, so I have no idea if it's true or not.
We could always look at our rankings in terms of 'best place to do business':
http://www.doingbusiness.org/rankings
7th is not bad. Not bad at all.
