The Venture Capital Trust Association (VCTA) has submitted its response to the Treasury Select Committee inquiry into the UK’s Venture Capital industry, which addresses the effectiveness of tax incentives, the ability of firms to source financing to scale up, regulatory efficiency, and how the industry can support the UK economy post-Covid.

Will Fraser-Allen, Chair of the Public Policy Committee at the Venture Capital Trust Association (VCTA), said: “Venture Capital Trusts are funds which play a vital role in the UK funding ecosystem, supporting businesses to move from early stage towards full commercialisation.

 “The VCT scheme is working exceptionally well, with over 1,000 of the most ambitious companies across the UK currently benefitting from VCT funding. These firms span sectors as diverse as digital technology, medicine development, advanced manufacturing, and retail.

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