VCT fundraising in 2017/18 hits second highest level on record

Just shy of 2005/6 tax year's £779m figure

Jayna Rana
Ian Sayers is chief executive of the Association of Investment Companies

Ian Sayers is chief executive of the Association of Investment Companies

The fundraising figure for venture capital trusts (VCTs) for the 2017/18 tax year was £728m, the highest level recorded in over ten years and the second highest in history, according to new data from the Association of Investment Companies (AIC).

The sector raised £728m between April 2017 and the end of the tax year on 5 April 2018, the highest amount since the inception of the VCT and an increase of 34% on the previous year's £542m figure...

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