I have been asked to reply.
Allocations to the Regional Venture Capital Funds were £37.375 million in the financial year 2001-02, £31 million in 2002-03 and £6 million in 2003-04. The allocations were made as a result of a competitive bidding exercise in each English region.
I have been asked to reply.
The Government's total investment commitment to the UK High Technology Fund was drawn down in the financial year 2000-01 (£12 million in 2000 and a further £8 million in early 2001).
I have been asked to reply.
The UK High Technology Fund was established in 1999 and has invested in nine existing high technology-based venture capital firms based in the UK. All of these funds can invest across the UK.