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A commentary on gaps in funding for moderate ‘non-stellar’ growth small businesses in the United Kingdom

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  • Ray Oakey

Abstract

Over many years government interest has persisted in the general funding problems of small and medium-sized enterprises (SMEs). This concern has often concentrated on capital market failure in particular niche areas of the funding market. This paper has resulted from a specific interest of the Department of Trade and Industry (DTI) in possible funding gaps experienced by ‘non-stellar’ growth SMEs. Such ‘non-stellar’ firms would be typified by substantial growth potential that is, nonetheless, insufficient to attract the funding needed in order to ensure prosperity. This paper comments on the evidence that exists either to support or to refute the existence of such a problem.

Suggested Citation

  • Ray Oakey, 2007. "A commentary on gaps in funding for moderate ‘non-stellar’ growth small businesses in the United Kingdom," Venture Capital, Taylor & Francis Journals, vol. 9(3), pages 223-235, March.
    • Handle: RePEc:taf:veecee:v:9:y:2007:i:3:p:223-235
    DOI: 10.1080/13691060701410160
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    References listed on IDEAS

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    1. Andy Cosh & Douglas Cumming & Alan Hughes, 2009. "Outside Enterpreneurial Capital," Economic Journal, Royal Economic Society, vol. 119(540), pages 1494-1533, October.
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    Cited by:

    1. Bergner, Sören Martin & Bräutigam, Rainer & Evers, Maria Theresia & Spengel, Christoph, 2017. "The use of SME tax incentives in the European Union," ZEW Discussion Papers 17-006, ZEW - Leibniz Centre for European Economic Research.
    2. Colin Mason & Jennifer Kwok, 2010. "Investment Readiness Programmes and Access to Finance: A Critical Review of Design Issues," Local Economy, London South Bank University, vol. 25(4), pages 269-292, June.
    3. Isabel M. Correia & Diana S. Fernandes, 2021. "Financial constraint and foreign direct investment of SMEs: evidence from Portugal," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 16(2), pages 1-19, Abril - J.

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