VCT fundraising in 2017/18 hits second highest level on record

Just shy of 2005/6 tax year's £779m figure

Jayna Rana
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Ian Sayers is chief executive of the Association of Investment Companies
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Ian Sayers is chief executive of the Association of Investment Companies

The fundraising figure for venture capital trusts (VCTs) for the 2017/18 tax year was £728m, the highest level recorded in over ten years and the second highest in history, according to new data from the Association of Investment Companies (AIC).

The sector raised £728m between April 2017 and the end of the tax year on 5 April 2018, the highest amount since the inception of the VCT and an increase of 34% on the previous year's £542m figure....

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