Taxpayer Losses Hit Pounds 24m

Summary


STATE-RUN venture capital funds have in the last two financial years lost nearly half the taxpayers' money entrusted to them.

Their investments in new companies have crashed by 44 per cent since March 2008, wiping out Pounds 24 million of public money.

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Extract


Taxpayer Losses Hit Pounds 24m

The losses raise serious questions abo...

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