Legacy funds

As at end of June 2013, ex-RDA funds had invested £144.8 million in some 600 businesses

The British Business Bank oversees the venture capital funds set up by Regional Development Agencies (RDAs).

Most of the ex-RDA venture capital funds are now closed to new investments as they invest in and manage out their portfolios. Four funds continue to invest in new companies.


If you are a business looking for equity investment, please note that the British Business Bank does not get involved in selecting which companies receive investment.
If you are looking for equity funding, you will need to approach the funds’ managers directly.
You should make sure you are ready to apply successfully, and may wish to take independent advice or consider whether the Growth Accelerator Programme could help.
visit the Growth Accelerator website
There is a useful tool for finding the right funding for your business at the British Bankers Association Business Finance for You website.
visit Business Finance for You