BEIS appointed Professor Nick Wilson to conduct a quantitative assessment of the small and medium-sized enterprise (SME) equity finance gap in the UK. The report explores the differences in overall levels of equity finance between UK regions and the causes of these differences. The research uses...

The paper analyses the impact of private equity (PE) backed leveraged buyouts (LBOs) on innovation output (patenting). Using a sample of 407 UK deals we find that LBOs have a positive causal effect on patent stock and quality-adjusted patent stock. Our results imply a 6% increase in...