VCTs prove resilient against wider venture capital industry decline

Strong fundraising figures

clock • 1 min read

Venture capital trusts saw an 8% growth in deployment of capital over 2022, despite a staggering 23% drop in funding from the wider UK venture capital industry.

Over the 2022 calendar year, VCTs invested £664m across 345 investments, data from the Venture Capital Trust Association revealed. Fundraising figures were also strong for the 2022/23 tax year, with £1bn of new capital being raised for the second year running. Investment Week reveals finalists for 25th Investment Company of the Year Awards At the same time, the wider UK venture capital industry suffered a 23% drop in funding, as, according to KPMG data,  investors were pushed to take a more cautious approach amid global economic turmoil. Deal volume also fell, with the number of...

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

Trustpilot