Skip to main content

UK High Technology Fund

Volume 496: debated on Wednesday 9 September 2009

To ask the Minister of State, Department for Business, Innovation and Skills how much (a) public and (b) private sector funding has been provided for the UK High Technology Fund; what the cost of management fees related to the fund has been; and how many companies have received funding from the fund in each year since its formation. (284880)

[holding answer 16 July 2009]: £20 million of public and £106.1 million of private funding has been provided for the UK High Technology Fund (UKHTF).

Fund manager fees of £2,992,017 to 31 December 2008 were made against the total size of the fund of £126.1 million and relate to the fees of the fund of funds manager and the nine underlying funds where the UKHTF was committed.

245 companies have received investment through the UKHTF between 2001 and 2008 as follows:

Companies

2001

81

2002

29

2003

48

2004

38

2005

30

2006

15

2007

2

2008

2