file53944 - RVCF and EGF Interim Evaluation: Qualitative...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
RVCF and EGF Interim Evaluation: Qualitative Research Paper URN 09/1478 November 2009 Ci Research Alderley House Alderley Road Wilmslow Cheshire SK9 1AT Tel: 01625 628000 Fax: 01625 628001
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
TABLE OF CONTENTS 1 INTRODUCTION .................................................................................... 1 2 KEY STAKEHOLDER CONSULTATION .............................................. 2 2.1 SUPPLY OF EQUITY FINANCE ..................................................................................... 3 2.2 DEMAND FOR EQUITY FINANCE ................................................................................. 4 2.3 THE EQUITY GAP .......................................................................................................... 6 2.4 FUND PERFORMANCE ................................................................................................. 9 2.5 IMPACT ON RECIPIENT BUSINESSES ...................................................................... 11 2.6 OVERALL IMPACT OF FUNDING ............................................................................... 13 2.7 KEY LESSONS AND LEARNING POINTS .................................................................. 17 3 RECIPIENT BUSINESS CASE STUDIES ........................................... 19 3.1 RVCF CASE STUDIES ................................................................................................ 20 3.2 EGF CASE STUDIES ................................................................................................... 31 Copyright © Ci Research
Background image of page 2
INTRODUCTION The following Paper presents the output of qualitative research conducted as part of the interim evaluation of the Regional Venture Capital Funds (RVCF) and Early Growth Funds (EGF), which sought to provide evidence on the effectiveness of the policy of providing Small and Medium Sized Enterprises (SMEs) access to growth funding through the RVCF and EGF programmes. Specifically, the Paper presents the output of: Consultations with 40 key stakeholders; and Case study investigations into the performance of both successful and unsuccessful investments. The objectives of the interim evaluation were to: 1 1. Test the rationale for the programme by examining whether businesses could have obtained finance in the absence of RVCF / EGF finance; 2. Assess the benefits to surviving businesses from access to RVCF / EGF finance; 3. Assess the extent to which these benefits were considered by the businesses to be additional; 4. Examine the employment growth and turnover performance of the surviving RVCF / EGF businesses; and 5. Explore the views of key stakeholders on the performance of the funds’ investments and their wider impact on the equity gap. 1
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/21/2011 for the course ECON 101 taught by Professor All during the Spring '11 term at SUNY Albany.

Page1 / 41

file53944 - RVCF and EGF Interim Evaluation: Qualitative...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online