The Complete Guide to Venture Capital Trusts (VCTs)
- On June 15, 2022
- By GrowthInvest Marketing
The Venture Capital Trust scheme was introduced by the UK Government in 1995, in a bid to encourage investment into young, entrepreneurial businesses in the UK. And since their inception, Venture Capital Trusts (or VCTs) have raised a staggering £8.7b in total.
Over the years, VCTs have attracted investors by offering unique tax advantages and the opportunity to diversify their portfolios. According to HMRC, whilst the overall number of companies operating as VCTs decreased in 2021, the amount of investment raised in the 2020-2021 tax year was up 4% from 2019-2020. And this continues to grow, reaching £1.13b in 2021-2022 (up 65% on the previous year).
In this guide to Venture Capital Trusts, we explore how they operate and the VCT tax benefits that are available to investors. We also look at recent policy changes to the Venture Capital Trust scheme and the different types of VCTs you might come across.
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