The British Venture Capital Association (BVCA) has moved its public
affairs account to Hill & Knowlton.
H&K won the account following a five-way pitch and takes over from
Consolidated Communications, which had held the account for three years
and also repitched.
The BVCA was considering an option of appointing one agency for a newly
created combined public affairs and media relations brief. It has now
rejected that option and will continue working with its retained media
relations agency, Havas-owned Hudson Sandler.
The three-strong H&K team is headed by director Simon Miller who reports
to BVCA communications director Mark Fox. Fox joined the BVCA from the
Mail On Sunday earlier this year.
H&K public affairs managing director Andrew Pharaoh said there will be a
'parliamentary' focus to its work with BVCA.
He said: 'Venture capital is a vital part of the economy and deserves
better coverage. Increasingly we are seeing career politicians, who
perhaps don't have a business background. It's important that we get the
BVCA's message to them.'
BVCA research shows an estimated one million people are employed by
companies backed by venture capital.