The Regional Venture Capital Funds
The Regional Venture Capital Funds (RVCFs) were established to focus on investing in the equity gap. Each of the nine regions of England has its own RVCF.
All RVCFs have similar rules:
- they must invest in SMEs in their region
- they must be the first institutional investor
- their initial investments are limited to £250,000
- after six months or more, a further £250,000 can be invested
- each fund can also invest in a company at subsequent rounds to prevent dilution