UK VCs push for relaxed rules to lower fund launch costs
A group of UK venture capitalists, including Entrepreneurs First and Seedcamp, is pushing the government for US-style regulatory exemptions for small funds. They argue Britain's current rules make it too expensive to set up new VC firms, choking off fresh investment. For context, UK managers reportedly pay around £1.9m in setup and running costs for a £7.2m fund—over 25%—while US equivalents pay much less. No policy changes yet.
- UK VCs want US-style exemptions for small funds
- Rising UK compliance costs deter new VC entrants
- Typical UK small-fund costs exceed 25% of capital
- Widely-cited comparison shows US funds pay less
- Government has made no official changes
Sources covering this
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