A record total of £540m was invested into venture capital trusts (VCTs) in the 2016-17 tax year - an 18% increase on 2015-16 when VCTs raised £458m.
This is the biggest fund raise in a decade and the second highest fundraising year on record. The highest year was 2004-05, when an increase in income tax relief from 20% to 40% meant VCTs saw flows of...
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