The number of venture capital trusts (VCTs) raising capital in the 2016-17 tax year dropped to a ten-year low, according to the latest data from HM Revenue & Customs (HMRC).
In total, the number of active fundraisers fell from 45 to 38 in the last year, despite the sector seeing the second-highest fundraise in its 22-year history, with funds hauling in £570m in 2016-17. ...
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