VCTs see record fundraise for 2018/19 tax year

Second highest since 2005/6

Jayna Rana
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Ian Sayers is CEO of the Association of Investment Companies (AIC)
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Ian Sayers is CEO of the Association of Investment Companies (AIC)

Venture capital trusts (VCTs) raised £731m for investment in small businesses during the 2018/19 tax year according to the latest figures from the Association of Investment Companies (AIC).

The figure marks the highest amount ever raised at the current level of 30% up-front tax relief and the second highest amount since the inception of this type of product in 1995. For the 2017/18 tax...

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