The two main reasons were The voyages were very expensive. and The voyages were risky, and there was no insurance to cover the risk. Private investors, not the government, shared the risks and profits associated with maritime exploration and colonial settlement. And because of its own nature, the funding process was rather difficult. To create new settlements, a huge amount of capital was necessary, even in join-stocks measurements. The risk of losing the whole investment, given that no insurance was established, in a land that never proved its own value always acted against the funding of the English colonies.
Answer:
The voyages were very expensive. and The voyages were risky, and there was no insurance to cover the risk.
Explanation:
