Jack Rose: An outlook on the VCT landscape

Understand deal-flow capability

clock • 4 min read

As one tax year ends and another begins, Jack Rose reminds investors and their advisers they need to adapt to the fact the best VCT offers will continue closing earlier and being available for shorter periods of time

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...

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