A popular peak for venture capital trusts
Figures recently released for last tax year show the highest level of VCT investment since 2005/06. The Association of Investment Companies was quick off the mark after 5 April in announcing a near record level of fund raising for venture capital trusts (VCTs) in 2018/19. At £731m, 2018/19 VCT investment just beat the 2017/18 figure by £3m. The improvement is more impressive than it sounds because in 2017/18 there was a surge of interest ahead of widely anticipated changes to