Mercia Asset Management advises Treasury Select Committee on regional investment

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[{"type":"text","content":"Mercia Asset Management advises Treasury Select Committee on regional investment\n \n \n (NewsDirect)\n \n \n \n \n Mercia Asset Management PLC (AIM:MERC) CEO\nDr Mark Payton speaks to Thomas Warner from Proactive about the\nspecialist asset manager's involvement in a recent House of Common\nTreasury Select Committee investigation into the performance of the\nUK's venture capital (VC) industry. Dr. Payton personally provided\nevidence to the Treasury Select Committee's investigation, which\nfocused on \"impact, diversity and inclusion\" and particularly\non the relatively high proportion of venture capital that flows to\nenterprises based in London and the south east.\n \n \n Mercia's longstanding aim of\naddressing the disparity in capital provision between London and other\nUK regions made it a natural invitee to the enquiry. He goes on to\ngive some highlights of his contribution to the investigation, which\nincluded advocating for the extension of the Enterprise Investment\nScheme and Venture Capital Trusts beyond their 2025 sunset clause. He\nalso called for the removal of the age test, which disadvantages\nregional businesses that take longer to develop.\n \n \n Additionally, he requested the lifting of\nthe capital cap on investments in venture businesses to foster the\ngrowth of the next generation of companies. Dr. Payton remains\noptimistic about the regions' potential and encourages other\nmanagers to join in driving regional growth.\n \n \n Read the full\nreport here:\nhttps://committees.parliament.uk/committee/158/treasury-committee/news/196644/venture-capital-needs-to-venture-further-says-treasury-committee/\n \n \n \n Contact\nDetails\n \n \n \n Proactive UK Ltd\n \n \n +44 20 7989 0813\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2208,"tagName":"div"}]

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