Enterprise Capital Funds

Product · GB · 3 documents

Key number

1.78

UK VC pooled TVPI (2002-2021 vintages). British Business Bank p.5

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

UK Venture Capital Financial Returns 2026

ReportBritish Business BankSeptember 202661 pages

For the headline 2002-2021 vintage period, UK venture capital funds generated a pooled TVPI multiple of 1.78, matching the US (1.78) and exceeding the rest of Europe (1.67).

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%.

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.