Checks and balances for VCT investments

When Ken Clarke finally gave the nod to the launch of venture capital trusts (VCT) in December 1994, he heralded a £2.5bn investment into fast growth entrepreneurial companies. His number was plucked from the 'assured' BES schemes of the previous decade ' erroneously so as this prior scheme had little to do with equity investment let alone backing entrepreneurs. Despite this error of judgement, we can now look back and see that he was at least half right as some £1.4bn has been raised and all 61 VCTs successfully launched since legislation was enacted in summer 1995 are still in existen...