VCT window swinging in the wind

Trusts operating under the Baronsmead brand - which is now part of the F&C Asset Management group - have been helped along with the rest of the industry by the higher 40% income tax relief available this fiscal year and next. However, despite hopes for a bumper year raising up to £400m by April for old and new VCTs industrywide, Thorp warns strong arguments must be put forawrd if the sector is to maintain the higher relief. The key arguments rest on job creation: companies in which VCTs invest on average increase their headcount by 20% annually, which is why the government is keen to ...