Show simple item record

dc.contributor.authorNorth, David*
dc.contributor.authorBaldock, Robert*
dc.contributor.authorUllah, Farid*
dc.date.accessioned2019-04-23T13:57:48Z
dc.date.available2019-04-23T13:57:48Z
dc.date.issued2013-07-04
dc.identifier.citationNorth, D., Baldock, R. & Ullah, F. (2013). Funding the growth of UK technology-based small firms since the financial crash: are there breakages in the finance escalator? Venture Capital, 15(3), 237-260.
dc.identifier.issn1369-1066
dc.identifier.doi10.1080/13691066.2013.804755
dc.identifier.urihttp://hdl.handle.net/10034/622164
dc.descriptionThis is an original manuscript / preprint of an article published by Taylor & Francis in Venture Capital on 4-7-13, available online: http://www.tandfonline.com/10.1080/13691066.2013.804755
dc.description.abstractThis paper presents recent research assessing the impact of the financial crisis on young and established Technology-Based Small Firms (TBSFs) and considers whether their ability to contribute to economic growth is being affected by ongoing problems in obtaining external finance. It reports on original findings from a survey of 100 TBSFs undertaken in late 2010 as well as 20 in-depth interviews with a range of finance providers. The surviving TBSFs exhibited considerable demand for external finance since 2007, particularly for working capital and early stage R&D, sought mainly from banks, but also with younger TBSFs seeking business angel finance and innovation grants and more mature TBSFs seeking venture capital finance. However, both debt and equity finance have become harder to access for TBSFs, particularly for early stage funding and for more R&D intensive firms, hampering their growth potential. Where external finance has been available, the terms and conditions set by providers were often unacceptable to business owners. The paper concludes that the smooth operation of the finance escalator has proved difficult to achieve under recent financial conditions and identifies a number of breakpoints relating to TBSFs which government policy needs to address.
dc.language.isoenen
dc.publisherTaylor & Francis
dc.relation.urlhttps://www.tandfonline.com/doi/abs/10.1080/13691066.2013.804755
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectfinance gaps
dc.subjectSME growth
dc.subjecthigh technology
dc.subjectventure capital
dc.titleFunding the growth of UK technology-based small firms since the financial crash: are there breakages in the finance escalator?
dc.typeArticle
dc.identifier.eissn1464-5343
dc.contributor.departmentUniversity of Chesteren
dc.identifier.journalVenture Capitalen
dc.date.accepted2013-05-09
or.grant.openaccessYesen
rioxxterms.funderRAKE (Research and Knowledge Exchange) ISBE Projecten_US
rioxxterms.identifier.projectfundeden_US
rioxxterms.versionAOen_US
rioxxterms.licenseref.startdate2015-01-04


Files in this item

Thumbnail
Name:
VCJarticlerevised03-04-13[1] ...
Size:
403.5Kb
Format:
PDF
Request:
Main article

This item appears in the following Collection(s)

Show simple item record

http://creativecommons.org/licenses/by-nc-nd/4.0/
Except where otherwise noted, this item's license is described as http://creativecommons.org/licenses/by-nc-nd/4.0/