Businesses have enjoyed £1.7bn of investment from venture capital trusts since 2018, with this year on track to break the sector's record.
Research from the Association of Investment Companies found the average size of the thousands of investments made during that time was £1.6m, with many surpassing the £5m mark. This research follow the government announcement that it would be extending the VCT scheme beyond the 2025 deadline. 'The great Truss retreat': U-turn on 45% tax rate 'not the solution' to market turmoil At the time, Richard Stone, chief executive of the AIC, applauded this initiative and has since added that he was "delighted" the chancellor continued to back the scheme. In this new report, he said: "We ...
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