Managed Funds Programme

The Managed Funds Programme, part of the Government’s response to the Patient Capital Review, helps address the UK’s patient capital funding gap.

Historically, UK institutional investors have allocated less to the venture capital asset class compared with US counterparts. In 2018, BBB launched the £550 million programme, to run alongside the UK Innovation Investment Fund, seeking to draw in institutional capital to the UK’s venture and growth capital markets.

The programme makes cornerstone investments in a number of large-scale, private sector managed funds of funds that invest in venture and growth capital funds backing innovative, high-growth businesses.

Managed Funds Overview (Cumulative)

6 Delivery Partners
12 Portfolio investments
£550m Committed
2,570 Businesses supported (2023/24)

We seek to boost the amount of institutional funding to the UK's venture and growth capital markets, channelling later stage capital to innovative, high-growth businesses. - Vianney de Leudeville Senior Director

Managed Funds

Our Managed Funds programme will seek to draw in institutional capital to the UK’s venture and growth capital markets.

Managed Funds Request for Proposal

Download file (.PDF, 283.11 KB)

Managed Funds Track Record Pro-forma

Download file (.XLSX, 34.84 KB)

If you have any queries about the Managed Funds Programme in general, or questions in advance of submitting a proposal, please contact:

Contact the team