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Trusting in VCTs

unquote VCT discussion
  • Kimberly Romaine
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A confluence of factors means the VCT community is likely to have a very strong year – for fundraising as well as deployment. Kimberly Romaine speaks to Matrix’s Mark Wignall; Albion’s Patrick Reeve and Baronsmead’s Andrew Garside about the prospects for the industry this year.

The taxman continues to be a real VCT cheerleader - but no longer just with a 30% tax break. Now individuals are increasingly incentivised to invest in VCTs because of a higher income-tax rate for top earners; low real interest rates on savings; and decreasing tax advantages for pension top-ups. These factors should help fundraising figures comfortably surpass last year's £340m total.

unquote VCT discussion

Deal doing should also be bolstered, not only because would-be vendors have accepted realistic pricing expectations, but also because of the taxman again - entrepreneurs can now claim up to £5m relief on gains, up from £1m previously.

The debate discusses recent industry consolidation, the Growth Capital Fund and returns prospects, among other subjects.

You can view the full debate here

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