VCT fundraising picks up

According to the AIC, a total of £340m was raised for VCTs, compared with £158m the previous year. 

Although the fundraising activity did not quite match the levels seen at the peak of the market in 2004-2006, it is the fourth highest total seen since VCTs were launched 15 years ago.  And, with the new higher rate of income tax, coupled with a reduction in pension tax relief for higher earners, it looks likely that interest in this type of vehicle will remain strong. 

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