The number of venture capital trusts (VCT) raising capital in the 2016-17 tax year dropped to a 10-year low, according to latest data from HM Revenue & Customs (HMRC).
The number of active fundraisers dropped from 45 to 38 in the last year, despite the sector seeing the second-highest fundraise in its 22-year history, with funds hauling in £570m in 2016/17. The association...
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'It may take a while to square this circle'
Lack of awareness
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%