John Davies: Covid-19 consequences for VCT valuations
And future distributions...
John Davies looks at VCTs in the time of Covid. He explains advisers who carefully assess open offers this year - and take a non-traditional approach - will help clients benefit from the post-pandemic recovery
Sifting through existing VCT holdings and assessing the impact on future prospects for the SME economy is where most VCT investors are right now. The natural default to opt for longer standing VCTs...
More on VCTs / EIS
Revealed: Finalists for the Investment Company of the Year Awards 2018
Winners announced on 21 November
VCT fundraising in 2017/18 hits second highest level on record
Just shy of 2005/6 tax year's £779m figure
Post-Patient Capital: '85% of VCTs largely still invest in buyouts…we are in a transition period'
Partner Insight: The sector will need time and a 'degree of adjustment' if it is to steer away from its reliance on buyouts and move towards growth investing over the long-term.
Tax efficient and 'knowledge-intensive' - but not as we know it
Partner Insight: A renewed focus on 'knowledge-intensive' companies should help investors realise that these entrepreneurial companies are found in sectors other than biotech or technology.
Determining an evolutionary moment for tax efficient platforms
Partner Insight: Investment in the VCT sector has traditionally lagged in terms of the technology and infrastructure available for investors. This is finally changing, says David Lovell, operations director at GrowthInvest
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