The Contrarian Investor: Are VCTs cutting the mustard?

VCTs

Let us give some credit where credit is due to the coalition government.

Its pro-growth agenda is not terrifically long, but when it comes to encouraging investments in early stage companies, it is doing its level best. The brand new Seed Enterprise Investment Scheme should kickstart some interest in the sector and the new rules on the size of EIS qualifying companies are also very welcome. There are even a growing number of ‘novel’ online-based schemes that encourage investors and their advisers to take a punt on investing in start-ups – more on that troubled subject in a moment. The ‘challenge’ is not government support but the existing venture capital s...