Thought Leadership

Throughout the Labour Party conference, the BVCA advocated for the Government’s pension reform agenda to support increased investment into private capital, including regional funds.

Over the past two years, the BVCA has undertaken a significant plan of work to help unlock greater levels of pension fund investment in venture and growth capital. From our Investment Compact to the work of the Pensions & Private Capital Expert Panel, we have been working to bring two industries together for the benefit of ambitious SMEs and the pension savers who can benefit from their growth.  

The BVCA response to the draft rules reforming the tax treatment of carried interest highlighted the need for clear drafting to avoid double taxation, proportionate rules for internationally mobile individuals, and workable provisions on average holding periods across different fund types.

Speaking at the BVCA Summit on 10 September, Chancellor of the Exchequer Rachel Reeves recognised the importance of the private capital industry to the UK economy, and set out her priorities for attracting investment into the UK.

There is less than a week to go before BVCA Summit 2025 on ​9-​10 ​September, where 1,200+ leading investors, fund managers, advisors, and policymakers will explore the trends, strategies, and innovations shaping the future of the private capital industry.

The BVCA has formally provided evidence to the House of Commons Public Bill Committee on the Pension Schemes Bill, to set out the view of the private capital industry and how the UK's current pension landscape impacts investment and economic growth.

A shorter update this month, however, despite what some of our cousins across the pond say on social media about European tech shutting down over the summer, there has been no sense of that here or from our members. Deals, fundraising and exits have continued apace, including the sale of an Oxford University spinout, OrganOx, for a reported $1.5bn.

The BVCA is inviting GPs to register interest for the 2026 European Private Capital Conferences & Receptions. The series of events will see the return of the Middle East Roadshow (w/c ​23​ ​February​), the third edition of the Asia Roadshow, (w/c ​23​ ​March​) and the 15th edition of the North America Roadshow (w/c ​27​ ​April​).

The BVCA is inviting members to share their views on the state of the UK economy and plans for future investment in its new Private Capital Pulse survey.

The BVCA Summit returns on ​9-​10 ​September across two days in London, bringing together private capital fund managers, institutional investors, pension funds and family offices.

The BVCA has advocated for further clarification and amendments to guidance on the regulation of mergers in response to a new Competition and Markets Authority (CMA) consultation.

Besides the traditional of flurry of getting VC deals over the line, the period as we enter summer is also a busy one for government and regulators. This year is no exception.