The BVCA reports that venture capital funds managed from the UK reached £4bn in 2024 – almost double that of 2023, and returning to previous levels. 2024 also saw a rise in venture capital funds raising capital to 48.
The UK is still the top source for venture capital funding in 2024, comprising 25% of total value raised.
Pension fund commitments to venture capital showed little progress, however, with the most significant commitments coming from overseas funds, mainly from the US. The promised investment from UK DC schemes has not yet started to happen.