PKF will work with the Small Business Service to provide accountancy and financial services for the new Regional Venture Capital Fund and its participants.
The government has set up the venture capital scheme to increase access to equity for growing SMEs who need smaller amounts of money to prime their business than is currently offered by most venture capitalists.
The PKF team is headed by the former director of venture capital company 3i and has extensive experience of the industry.
‘The government’s financial participation in these funds is a new and radical approach to the problems caused by the equity gap for small businesses,’ said PKF head of corporate finance Nick Whitaker. ‘Solutions have been sought for these problems for the last 50 years, and we believe this latest proposal to be the most significant yet.’
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