1) Not sure tweet caption captures @robinklein @localglobevc’s perspective here given he says:

“I’m not advocating doing nothing ... we should urgently make the established mechanisms and tools more efficient and responsive.” https://twitter.com/siftedeu/status/1248147406782431232

2) I agree w/ many points eg need to speed-up R&D tax credits & @BPatientCap @innovateuk decisions [FYI InnovateUK is doing exactly that for #Covid19 grant below and has revised its due diligence to have a 10-day decision]

…https://apply-for-innovation-funding.service.gov.uk/competition/583/overview

Also agree co-investment v good idea. Worth noting that @innovateuk have a proven co-investment model to de risk investor appetite in early stage #tech that has been operating for c18months and could be part of the solution.

#tech will drive the economy, #innovation & +ve change. But I have one concern no-one’s talking about: #diversity (eg gender, ethnicity, socio-economic) is a big problem. Any rescue package that’s blind to the risk of reinforcing existing inequities could set us back decades.