Vellium & Co

We find out whether public money that backs businesses actually worked.

We test what happened against the record, and dissect it back to front.

Designed to the Magenta Book Every figure traced to its source No stake in what we assess

What we do

One specialism, and four practices that feed it.

Our specialism

Evaluation of business, investment and technology programmes

Grants, funds, tax reliefs and support schemes that work through firms. Many evaluations of them lean on surveys of the firms that were helped. We add what surveys can't show: how those firms actually performed in their filed accounts, set against matched firms that weren't helped.

Also

Market, sector and commodity intelligence

Market studies and recurring intelligence on sectors and supply chains, including critical minerals, energy, food commodities, technology and financial markets.

Also

Economic and financial analysis

Value-for-money assessment, appraisal support, and the financial health of firms and institutions, read from their own filings over time.

Also

Technology claims assessment

Independent testing of what a technology can deliver, against engineering limits and published evidence, for innovation funders and investment programmes.

Also

Economic and geopolitical briefings

Horizon scanning and briefings on the macro-economic and geopolitical forces acting on a policy area or sector.

With every project

Findings people actually take in

Every report comes with a plain-English summary of two pages or less and, on request, a short film or audio briefing for ministers, boards and the public.

How we work

What a buyer gets from us, and how to check it.

We carry out impact, process and value-for-money evaluations.

  • Evidence from the recordWe build firm-level evidence directly from company filings and public registers, linked by company number. That lets us compare supported firms with similar firms that weren't supported, at scale and quickly.
  • A continuously checked evidence baseOur systems record where every figure came from, re-check sources on a schedule, and flag anything that changes or conflicts. Every number in a Vellium & Co report can be traced to its source.
  • Transparent methodsWe publish the evaluation protocol before we look at the results and share the analysis code with the client, as the Magenta Book now recommends.
  • Fieldwork and interviewsWhere an evaluation needs interviews or fieldwork, we bring specialist associate evaluators onto the team for that project, so process evaluations and stakeholder research are covered alongside the data work.
  • IndependentWe hold no stake in the programmes, companies or markets we assess, and we declare any potential conflict before we start.

Why Vellium & Co

Our evidence

Judge us by our work. Our first public study is underway.

In preparation

Do grant-backed firms grow faster than similar firms that weren't funded?

We are comparing firms that received Innovate UK grants with closely matched firms that didn't, using each company's own filed accounts over time. It follows the Magenta Book's standards for impact evaluation.

Published with
The protocol, the matching method and the analysis code
Sources
Companies House filings and public grant records

Our research software

From framing the questions to gathering, breaking down and testing the data, through to the findings, our work is carried out with high-end analytical software, including AI models, to cover more evidence, faster and more thoroughly.

Its use follows the Magenta Book's guidance on responsible AI. Each report sets out the tools used, and we answer any buyer's questions about them in full.

Work with us

If you're planning an evaluation of a business, investment or technology programme, talk to us early.

Talk to Neythan Jayaharan, Director.

info@vellium.co.uk