Jack Rose: An outlook on the VCT landscape

Venture capital trusts (VCTs) raised a record £542m in the last tax year (2016/17) - the highest amount since the initial tax relief was lowered from 40% to 30%. As anticipated by many industry commentators, this year's results look set to eclipse that total, with estimates ranging from £600m to £800m, depending on whether some VCTs use their over-allotment facilities. Already this year the Octopus Titan VCT has beaten records for the largest ever single VCT fundraise. At this point, with well over £600m already raised across the market, the growth in the sector is continuing at a canter...