This edition of the Technical Update covers the BVCA’s Budget Representation, the BVCA urging Government not to tax partnership profits, the FCA’s promise of clarifications on the application of Consumer Duty to wholesale firms, and the proposed SMCR simplifications. We also highlight recent announcements on the BVCA’s response to the consultation on the NSI Act Notifiable Acquisition Regulation, the EU streamlining of sustainability reporting and due diligence requirements, and more.
Defence investment was once taboo for many VCs and their LPs, either considered too risky from a reputational perspective or perceived incompatibility with ESG/RI frameworks
Baderin Tejuoso, Senior Venture Capital Executive reports on the themes which dominated discussion at Saastock 2025, where attendees talked about the importance of timing, reading the market, and how pension capital can help to close the scale up gap.
Breeze Haywood, Sustainability Policy Executive, shares insights from the BVCA’s recent Black History Month Reception. At the event, panel discussions explored existing gaps in the industry with regards to access to finance and career development opportunities. Panellists discussed how embedding DE&I into business and government policies can support innovation and economic growth.
The BVCA has called on the Government to use its upcoming Budget to ensure the UK’s tax framework supports entrepreneurship, upholds the UK as a global destination to start and scale a business, and maintains the attractiveness of the UK for private capital firms and those who work in them.
Global tax and accounting software provider Tax Systems received a visit from Lincoln Jopp MP at their UK headquarters on Friday, where they showcased the company’s transformative global tax compliance solutions.
BVCA Chief Executive Michael Moore, together with Karim Palant and Isobel Clarke, met with Treasury Minister Torsten Bell MP on Thursday to discuss how its proposed NOVA scheme could help facilitate greater investment in private capital and build more partnerships between institutional investors and UK VC’s and growth capital firms.
The success of the investment agenda depends on getting the sequencing right. At the BVCA summit, the Chancellor praised the industry’s efforts to drive investment.
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.
This edition of the Technical Update covers the BVCA’s response to the Government’s consultation on draft legislation for carried interest changes, ideas for reforms to EIS and VCTs and the BVCA’s response on UK Sustainability Reporting Standards. We also cover recent announcements relating to the UK Government’s Transition Plan requirements, HMT’s consultation on Money Laundering Regulations proportionality enhancements and shortened firm authorisation deadlines.
