<title/> This paper explores the recent evolution of funding for New Technology-Based Firms (NTBFs) in the UK, with particular concern for the post-1980 period. Special attention is placed upon the relationship between public and private sector funding, and the ways in which these different funding...

<title>Abstract</title> Over many years government interest has persisted in the general funding problems of small and medium-sized enterprises (SMEs). This concern has often concentrated on capital market failure in particular niche areas of the funding market. This paper has resulted from a specific interest...