Want an investing adventure? Fund-raising frenzy among tax-efficient venture capital trusts
- On February 18, 2021
- By GrowthInvest Marketing
As is usual at tax year-end, investors are rushing to venture capital trusts to invest in some of the UK’s best up-and-coming businesses.
The total amount raised by VCTs this tax year so far stands at £360million, a 1.2 per cent increase compared to this point last year, and that’s despite the backdrop of Covid-19.
According to Wealth Club, a tax-efficient investing options platform, last week saw the highest inflow into VCTs of the tax year so far, with £33.5million raised. For comparison, the equivalent week in 2020 saw only £19million raised.
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