John Davies: New VCT rules mean new opportunities for new entrants

The early summer months might not traditionally be prime time for advisers to be contemplating open venture capital trust (VCT) offers for their clients but recent rule changes have further restricted the types of transactions and companies into which VCTs can invest. With longstanding management buy-outs and debt deals no longer permitted as the UK government pushes tax-advantaged investments toward younger companies and genuine growth capital, advisers might therefore want to approach the VCT aspect of their client deliberations as a question of ‘sooner rather than later'. According...