NESTA calculates venture capital funding in UK fell by about a quarter last year.

Venture capital investment in the UK fell by about a quarter last year, according to the National Endowment for Science, Technology and the Arts (NESTA), which receives public funding to invest in companies.

Last year was the worst for venture capital investment activity in recent history with the number of investments down by 17% on 2008, and a drop of 27% on the total amount invested (£677m compared to £930m), NESTA said.

The number of exits fell by 40%…