20-08-2007
Investments in SMEs decline
Investments in small British companies are declining rather than picking up pace as expected. According to Venture Index, in the 12 months to March 2007, 330 deals were completed worth £54 million, however the three month period following it saw only 75 deals worth £8.3 million.
Modwenna Rees-Mogg, managing director of Venture Index, said: "Over the last three years we have always seen lower levels of investment in the first quarter of a new year, compared with the last quarter of the previous year, but there is a steady trend downwards in the median investment amount and the number of investments made.
"This suggests that fewer companies are getting less money, but you have to look at the raw data to interpret the real position.”
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