Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps he is taking to increase access to venture capital funding for businesses.

UK venture funding appears to be stabilising after the downturn seen during 2021-2022, with dealmaking recovering and job creation increasing. It is important to note company fundraising is proving more resilient than fund fundraising, creating a tougher overall environment for fund managers despite the increase in company rounds completing. The capital gap facing UK scaleups is a pressing concern, making it essential for public finance bodies to act quickly to support fund managers and expand the pools of growth capital available to scaleups.