Entrepreneurs First, Antler and Seedcamp have joined forces with other UK investors to urge the government to introduce a US-style regulatory exemption for small venture capital funds. The coalition argues that the current regulatory regime is stifling a new generation of investors.
The group wants to reduce the cost of launching UK funds, which they say puts smaller fund managers at a disadvantage. They are calling for rules that would make it easier and cheaper to set up and run small funds, similar to the approach taken in the United States.
The push comes as the UK looks to strengthen its position as a hub for technology investment. The investors argue that without such a change, the UK risks losing promising new fund managers to other markets.