John Davies: Key themes affecting the VCT sector

Tax-advantaged investing is regarded by the UK government as a mechanism for powering the engine room of the economy. The younger, growing companies in the tax-advantaged space are essential to the well-being of the country as a whole, creating employment, prosperity and delivering revenues into the Exchequer. Last year saw record inflows into venture capital trusts (VCTs) alone, with some £800m committed by investors across the UK - and, when combined with the Enterprise Investment Scheme (EIS), the figure rose to around £1.5bn. With new pension restrictions fully in force, investing...