British Patient Capital

Fund · GB · 3 documents

Key number

£10.8 billion

Total UK SME equity investment in 2024. British Business Bank p.10

Key number

1.87

UK VC Pooled TVPI (2002-2019 Vintages). British Business Bank p.5

Key number

£62.1 billion

Gross bank lending to UK SMEs in 2024. British Business Bank p.14

Small Business Equity Tracker 2025

ReportBritish Business BankJune 202578 pages

The UK VC investment market represented 0.68% of GDP over 2022-2024, trailing the US ratio of 0.73% of GDP, resulting in an overall GDP-adjusted investment gap of 10%.

Small Business Finance Markets 2024/25

ReportBritish Business BankJanuary 2025153 pages

Gross bank lending to UK SMEs reached £62.1bn in 2024, representing a 4.9% nominal increase compared to 2023, while total bank stock declined 2.5% to £179bn.

UK Venture Capital Financial Returns 2024

ReportBritish Business BankNovember 202461 pages

Across the 2002–2019 vintage cohort, UK venture capital funds generated a pooled TVPI of 1.87 and a pooled DPI of 0.72, compared to 2.01 TVPI and 1.06 DPI in the US, and 1.96 TVPI and 0.81 DPI in the rest of Europe.