The Committee also considers the regulation around venture capital, the role of key bodies such as the British Business Bank and the Advanced Research and Invention Agency, and how the UK industry can be strengthened.

From a tax perspective, the focus will be on the operation and effectiveness of the current tax incentives,msuch as the Enterprise Investment Scheme (EIS), the Seed Enterprise Investment Scheme (SEIS) and Venture Capital Trusts (VCTs) in the venture capital market, including any options for change.

It is also seeking feedback on the operation and effectiveness of the regulatory regimes concerning venture capital.