The VC landscape in the UK - myths and realities

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'To be precise, the government believes that UK innovation is being held back by a so-called "equity gap" - a range of deal sizes which are out of reach of business angels, but still too small to be considered by institutional investors.

This range is usually estimated at £250,000 to £2m. However, the report reveals that more deals took place below £2m than in any other size range - and a substantial 80% of those deals were squarely in the "equity gap" area.....

....In this country, if you are in new media or software, for example, you are far less likely to receive funding than if you are in semiconductors or biotech....'