VCT fundraising almost doubles on last year

VCTs currently 'in the limelight'

Jayna Rana
clock • 1 min read

Fundraising within the venture capital trust (VCT) sector is up by almost 50% on last year, as pension rule changes have led to increasing investor demand, according to the Association of Investment Companies (AIC).

Fundraising figures for the 2016/17 tax year to 17 February 2017 stood at £265m in comparison to just £186m during the same length of time the previous year. The regulatory body said this increase of 43% reflects a strong rise in investor demand, following changes to pension rules, including the reduction in lifetime allowance and low interest rates. According to Stuart Lewis, head of tax efficient investments at Octopus Investments, the VCT sector is "seeing unprecedented popularity". He said: "Many investors are looking for complementary investment solutions to plan for their ret...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on VCTs/EIS

Oberon reboots AIM VCT to benefit from 'oversold' market

Oberon reboots AIM VCT to benefit from 'oversold' market

Intention to raise £5m

Beth Brearley
clock 22 May 2025 • 1 min read
Puma Investments launch marks comeback for AIM VCT listings

Puma Investments launch marks comeback for AIM VCT listings

Targeting 'compelling returns'

Beth Brearley
clock 15 May 2025 • 2 min read
IW 30: VCTs three decades on and the need for reform to secure their longevity

IW 30: VCTs three decades on and the need for reform to secure their longevity

The evolution of venture capital trusts

Cristian Angeloni
clock 15 April 2025 • 4 min read
Trustpilot