The UK faces a very serious ‘triple challenge’. Economically it is emerging with an extremely fragile recovery from the worst recession in living memory. Environmental necessity will require a large-scale transition to a low carbon economy. Socially the UK will need to respond to unprecedented levels of inequality in incomes and wealth, and find a long-term solution to the problems of social exclusion, social immobility and poverty.
This report aims to discover the role that venture capital can play in supporting a highly innovative economy that can begin to tackle these problems. By simplifying the public institutions that are supposed to help venture capital, by focusing on clean-tech start-ups, and by hiring top-quality managers, Reinventing Venture Capital suggests that innovative new businesses can help overcome these challenges.