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Quarterly Review – May 2021
Published 6 May 2021

In this edition we focus on the ‘public value’ that our industry creates for the country, the fusion of economic and social benefits that private investment brings – for businesses, individuals, and their communities at large.

This message is brought to life in two of our recent reports. ‘New Horizons’, published in February, highlights the crucial role our industry will play in a post-pandemic economic recovery, as well as its support for other key policy priorities – from maintaining the country’s global competiveness, to spreading growth across the nations and regions of the UK, to tackling climate change.

We explore these priorities at a regional level in the first of our ‘Nations & Regions’ reports. In this inaugural edition we shine a spotlight on England’s North West, finding out why it is such a hot spot for private investment, how this investment of time, money and experience benefits business, and how these businesses benefit us all.

Elsewhere in this edition we highlight measures being taken by the industry on issues relating to climate change and diversity and inclusion. As the prominence of environmental, societal and governance issues continue to rise, it is positive to see so many, including 27 BVCA members, sign up to international action on climate change under the Initiative Climat International (iCI). This initiative is a first of its kind climate initiative for private equity, supported by the Principles for Responsible Investment.

Offering in-depth insight on the industry’s focus on diversity and inclusion is the BVCA recent report with Level 20. This is the first report of its kind to look at ethnicity data as well as gender, at all levels of seniority, and the message is clear: there is still much more to be done to ensure a properly representative industry and we must work collectively to achieve this. The BVCA is committed to its role in campaigning for this, and in ensuring that data is collected and documented every year to provide transparency and accountability.

Looking more broadly at ESG, I am delighted to present our ‘Adapting with Purpose’ package. Produced with the support of Grant Thornton UK LLP, it highlights efficient, agile and exceptional ways in which private capital backed businesses responded to the host of challenges brought on by the COVID-19 pandemic. Broken down into three categories, it looks at those who went above and beyond to support their employees, give something back to the local communities and rapidly adapt their business models to support coronavirus efforts.

Finally, this edition also provides you with a rundown of the latest industry analysis including statistics from the British Business Bank on a record year of fundraising by venture capital funds, relevant excerpts from Bain & Company’s latest report on Global Private Equity and BVCA analysis of the ongoing Funds Review by the Treasury and options for reform post-Brexit.


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Further information

FOR FURTHER INFORMATION PLEASE CONTACT THE BVCA

 +44 (0)20 7492 0400

 research@bvca.co.uk