Venture Index launched

03 May 2005

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Venture Index has launched the UK's first index of small, unquoted UK companies. Venture Index is the first market indicator to track â€˜equity gapâ€™ investments of under Â£1m across the UK. Updated each quarter, Venture Index will provide a 12-month rolling index of investment activity that gauges investor confidence in UK companies. Venture Index has been collecting sub Â£1m deal information since October 2003 to provide an accurate historical context for its launch. The data gathered shows that both the total number of deals and total amounts invested in smaller, unquoted UK companies has recorded a downward trend, from a peak of Â£51m invested in 287 deals during the 12 months to October 2004 to Â£40.3m invested in 264 companies during the year to end of February 2005. This represents a fall of 21% in total value and 8% in volume. The average investment amount for companies raising capital at this end of the market has fallen from just under Â£178,000 to just under Â£153,000. The index is powered by data from VCR Directory and is sponsored by NESTA, the National Lottery funded National Endowment for Science, Technology and the Arts. The newly-launched index can be accessed at www.ventureindex.co.uk and the managing director is Modwenna Rees-Mogg.