Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what assessment she has made of the (a) implications for her policies and (b) potential impact on investment in the UK by high-growth technology SMEs of the agreement between the European Investment Fund and Inveready Asset Management, signed on 6 June 2023.

The agreement between the European Investment Fund and Inveready Asset Management is not expected to have a significant impact on UK tech investment given its scale and focus on Spanish companies.

The Government has taken significant action over the last year to generate additional investment into high-growth UK companies. This includes the Mansion House Reforms, which could unlock up to £75bn, establishing the British Business Bank Growth Fund, and announcing the Long-term Investment for Technology and Science initiative worth £250m.