Our history The BVCA, like the industry it represents, has changed immeasurably since its foundation in 1983, as the sector has grown into one of the biggest success stories in the British economy. Neil MacDougall Neil MacDougall 2020/21 Chair Since our founding in 1983 the private equity and venture capital industry has been transformed from a cottage industry into part of the mainstream economy - making Britain one of the leading centres for private equity in the world. In the early eighties, the BVCA's primary objective was to secure recognition from the government and policy organisations. Today, governments and policy makers at home and abroad seek our opinion on a wide range of issues - regulatory, fiscal, technical and legal - as the BVCA has become the respected voice representing a world-class industry, as well as a model for new and existing national private equity and venture capital associations across the globe. View the history of the BVCA Chairmanship here.