How will demand for VCTs and EISs hold up in 2018/19?

Tax-efficient investment commentators predict demand for venture capital trusts (VCTs) will be "huge" this tax year but warn fundraising levels could be hit by a lack of available capacity and other pressures from new rules.

Fundraising for the 2017/18 tax year reached £728m, the second highest amount since VCTs were created, following the 2005/06 tax year when the sector raised £779m. The "glut of large offerings" that...