This edition of the Technical Update covers the Government’s recent announcements on the changes to the EIS and VCT schemes, the expansion of EMI options, and changes to EMI/CSOP rules for PISCES and the FRC’s consultation on fund tokenisation. We also highlight BVCA’s consultation response on merger remedies guidance, the Governments publication of The Carbon Budget and Growth Delivery Plan, the Bank of England’s launch of the Private Markets System-Wide Exploratory Scenario and more.
Belasko’s Head of Funds, Nick McHardy, looks at the practical steps involved in launching and operating a private capital fund. This piece reflects on foundational aspects such as fundraising, documentation, fund structuring as well as service provider selection – giving a useful guide on operational aspects and fund lifecycle management.
BVCA Senior Venture Capital Executive, Baderin Tejuoso, reflects on Slush 2025, one of the most influential conferences in the European venture capital calendar.
As the Chancellor’s welcome recognition in her speech highlights, the need for investment to drive growth remains critical. To get on the growth trajectory, and remain there, we now need her to get on with the pro-growth agenda, and avoid the damaging speculation we saw this year, which impacts confidence and investment plans.
The data makes clear that Scotland is an exciting destination for private capital, an industry which supports the development of 639 businesses which call this nation home. These businesses bring value to local communities through the 159,000 jobs they support.
KeTech, a technology and engineering company dedicated to improving the rail passenger experience, showcased its technology to local MP Maya Ellis when she visited their main headquarters late last week.
BVCA Senior Policy Manager, Nick Chipperfield reflects on the House of Lords inquiry into the growth of private markets - a subject that has attracted wide interest in the media and across the financial sector. Nick covers evidence provided by the BVCA and member firms as well as recent contributions made by the Bank of England and City Minister Lucy Rigby KC MP.
This edition includes articles on the carried interest reform and draft legislation, the UK's regulatory developments, the ESG-related stewardship and engagement in private capital, the IPEV guidelines and more.
This week, the BVCA sent a public letter jointly with other representative bodies including the Law Society, ICAEW and City of London Corporation, to express deep concern about a possible employers’ National Insurance charge on partnerships.
A new report has found that businesses backed by private capital generate £15.7bn for the North West’s economy each year. Private Capital in the North West was launched by the BVCA at Addleshaw Goddard in Manchester, showcasing the industry’s importance to growth in the nations and regions of the United Kingdom.
RiskSmart, Robiquity, Alpine Group, Movera and DR&P have won British Private Equity and Venture Capital Association (BVCA) Vision 2025 Awards for the North West of England.
