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100			_aHarrison, Richard T _957202
245			_aInternationalisation and localisation: _bForeign venture capital investments in the United Kingdom/
260			_bSage, _c2020.
300			_aVol. 35, Issue 3, 2020 ( 230–256 p.)
520			_aVenture capital plays a significant role in economic development through the emergence of new firms, technologies, industries and markets. This role, however, is associated with systemic uneven development regionally as both the supply of venture capital and the investment in new and growing ventures is highly concentrated regionally in the core economic regions of a country. Over the past decade, this intra-national regional concentration has been accompanied by an increasing internationalisation of the venture capital industry, as cross-border investment becomes more significant. In this paper, we explore the implications of this internationalisation for regional economic development in the UK. We conclude that the geography of venture capital in the UK has been shaped since the turn of the century by a significant increase in venture capital investments made by foreign funds, mainly in the form of co-investments with local funds. These foreign venture capital investments are primarily concentrated in London, Southeast England and East of England, which collectively attracted 82.5% of all foreign venture capital investments made to UK companies in 2017, strongly reinforcing the existing spatial concentration of venture capital investment. The paper concludes by questioning whether this increased dependency of these regions on foreign venture capital matters to regional development and draws out some of the implications for public policy.
700			_aYohanna, Babangida _957203
700			_aPierrakis, Yannis _957204
773	0		_011252 _917101 _dSage, 2019. _tLocal economy
856			_uhttps://doi.org/10.1177/0269094220924344
942			_2ddc _cEJR
999			_c14326 _d14326