CLES News
Smarter business finance for the new economic age
23rd October 2009
New innovative and high growth companies increase a locality’s competitiveness – but they need to be effectively nurtured and have the access to financial support that they require. This report, published by Manchester’s Commission for the New Economy, argues that a strong venture capital sector is needed as part of the process for creating the conditions for innovation. It examines access these companies have to capital within Manchester and the North West, and assesses how the flow of capital could be improved.
The report finds that public sector support through its own venture capital funds is important, but these early stage investments will not be sustainable in the long term. Policy makers need to work to entice higher levels of private investment – this won’t be easy in an era of lower levels of capital, and this requires innovative solutions from the public sector.
This is the first in a series of working papers produced by the Commission for the New Economy.
Latest blogs
Prevention: Making common sense become common practice 16th May 2012
Oh benevolent chancellor! How grateful for these crumbs we are! 15th May 2012
Councillors in their communities: should I be bothered? 15th May 2012
In diamond jubilee year let’s create a network of ‘Elizabeth’ parks 15th May 2012
Latest tweets
