Andrew Wolfson: VCT cash should be deployed quickly and efficiently

To secure the necessary financial firepower to support UK start-ups, as they try to become market-leading enterprises, all venture capital trusts (VCTs) must periodically raise money from investors. Every fee-paying VCT investor, we believe, would rather see their savings used to fund the UK entrepreneurial spirit than see this as a way of gathering cash to simply sit on a balance sheet - as can too often happen. As such, it is important thoughtfully to invest as much of our capital as possible at all times to help build value for our clients. Aside from the attractive tax reliefs on ...