Firms supported by British venture capital will have a critical role in addressing some of the most important targets set for the country by the government. They can participate in the UK’s ambition to be a science and tech superpower, in the strategy to advance regions up and down the country, and of course in the race to achieve carbon net zero.

Recent reports suggesting that the UK made up an impressive over 30 per cent of all European VC investment in the first months of this year are cause for celebration.

But rising interest rates mean that the industry is also now facing a potentially more difficult environment – both for its investments and its sources of funding. UK venture capital could face a difficult few years ahead, and no one wants recent successes to have been a false dawn.

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