Depending on the style of script, that top letter also resembles "wynn", which was spelled in various ways, wynn, wyn, win, wen and was sometimes written similarly to thorn. Thorn leaned slightly more toward a y-shape. Wynn leaned slightly more toward a p-shape.
So, maybe the word "ven" on the next line relates to the character above it.
So, maybe the word "ven" on the next line relates to the character above it.

