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

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

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

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...

To continue reading this article...

Join Investment week

  • 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

Sector agnostic VCTs

Mobeus VCTs sell out in 24 hours

‘Midas touch’

clock 21 January 2022 • 1 min read
The offer is open to investors for tax years 2021/2022 and 2022/2023

Foresight Enterprise VCT launches £20m share offer

Additional £10m via over-allotment facility

Lauren Mason
clock 18 January 2022 • 1 min read
ii has reached a new agreement with Morningstar

interactive investor outsources production of rated lists to Morningstar to 'free up' analyst team

Methodology still owned by ii

clock 17 January 2022 • 2 min read
Trustpilot