Investment Capital for British Industry: A Failure of Demand or Supply?
Investment Capital for British Industry: A Failure of Demand or Supply?
3i has always been demand-led, attempting to meet all justifiable requests for long-term and permanent capital and then financing its commitments by raising money wherever it can. In practice, new investment has normally outstripped the return flow of capital and income from earlier investments, and the portfolio has thus grown continuously. As a result, in almost every year since 1968 it has been necessary to find new funds from external sources in order to fill the gap between cash flowing out and that coming in. The success of these continuous efforts to find money throws useful light on the question of whether British industry was ever genuinely starved of funds for profitable new investment.
Keywords: investment capital, British industry, permanent capital, demand and supply, capital flow, profitable investment
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .
