British Business Bank – UK Venture Capital Financial Returns, 2024

The British Business Bank's "UK Venture Capital Financial Returns 2024" report provides a comprehensive assessment of the performance of UK venture capital (VC) funds since 2002. The report draws on data from 241 UK VC funds, offering insights into financial returns, sectoral performance, and comparisons with US and European counterparts. It highlights that UK VC funds have shown resilience, with pooled Total Value to Paid-In (TVPI) multiples comparable to those in the US. The report also discusses the performance of funds invested through the Bank's Enterprise Capital Funds (ECF) programme and British Patient Capital (BPC), noting that life sciences VC funds have outperformed the overall market.