Community development venture capital (CDVC)
Glossary item: Community development venture capital (CDVC) - Definition
CDVC is a particular type of CDFI that specialises in equity investments as opposed to loan finance. CDVC funds are relatively new to the UK and are usually run for profit, offering a financial return to investors, although sometimes at a lower estimated return than conventional venture capital. For an example, visit Bridges Ventures. See CDFI and chapter in A Guide to Giving.