Research and analysis
Evaluation of Venture Capital Schemes
Externally commissioned mixed methods evaluations of Venture Capital Schemes.
Documents
Details
HM Revenue and Customs (HMRC) commissioned the independent research organisations Kantar Public and Ipsos to undertake quantitative, qualitative and econometric evaluations of Venture Capital Schemes (VCS).
The evaluations covered:
- whether the schemes address the market failure of early-stage businesses struggling to raise finance
- whether the schemes lead to improved growth and performance outcomes
- whether the schemes are proportionate in meeting their aims of supporting early-stage businesses
- businesses’ and investors’ experiences of using the schemes
The evaluations included surveys and interviews with both businesses who had received investment through the schemes and those who had invested through the schemes, as well as econometric analysis.
On this page you can read:
- an executive summary of an evaluation by Kantar Public, in conjunction with the University of Westminster, of the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) completed in 2018. A more recent evaluation of these schemes has been completed (see below)
- an evaluation report, written by Kantar Public, in conjunction with London Economics, (Executive Summary document and full research report) of the EIS and VCT completed in 2022
- an evaluation report, written by Ipsos, in conjunction with London Economics, (Executive Summary document and full research report) of the Seed Enterprise Investment Scheme completed in 2022
Published 22 November 2023