VCT fundraising remains strong

Last year's figure is the sixth highest amount raised since the launch of VCTs in 1995 and more than double the £158m raised in the 2009/2010 tax year.

"This is the third year in a row that the VCT sector has surpassed the £300m mark," said AIC director general Ian Sayers in a statement. "Capital raised by the VCT sector is filling an important funding gap for UK smaller companies," he added.

It seems demand from investors remains on an upward trajectory. However, legislation proposed during the recent UK budget has caused controversy within the sector due to the potential threat to VCT status. Although to the relief of the industry the bill has been deferred by the Treasury, the confusion surrounding the implications of proposed legislation may cause some investors to hesitate.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• United Kingdom