Venture capital trusts (VCTs) “are becoming a part of regular [financial] advice”, Triple Point retail strategy director Diana French has told Money Marketing.

French added that VCTs give investors access to companies that can grow very quickly.

Triple Point is a purpose led investment management house that supports financial advisers but does not actually provide advice to investors itself.

VCTs are investment vehicles that were set up to promote investment in small UK businesses that meet certain criteria.

To encourage support for these businesses, the government offer generous tax benefits.

Triple Point head of retail sales Jack Rose added that VCTs as investment vehicles are showing “resilience”.

“Performance of VCTs has not been stellar but considering the wider economic market it has been good,” Rose said.

Rose predicted that it will be another busy year (2024) for VCTs and that the UK VCT market has come along way since 2018 and is now seen as more “mainstream” than it used to be.

Additionally, VCTs used to be more “seasonable” but have become more “evergreen” as Triple Point view VCTs as active all year round.

VCTs were introduced in 1995 “as the government wanted to encourage investment in smaller businesses”, French said.

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