Investment into VCTs hits £144.5m in four weeks as tax year end looms

Up 18.8% from last year

Investment in venture capital trusts has seen a significant uptick in the past month as the end of the tax year approaches.

In the four weeks to 25 March, investment hit £144.5m, up 18.8% from last year over the same period, according to figures from Wealth Club. The total flows for this tax year are at £730m, compared to £910m in the previous tax year at the same date. Amati AIM VCT faces strategic review as performance issues mount Alex Davies, founder and CEO at Wealth Club, said: "It has been a slower year for VCTs, following two previous boom years. That said, sales are still comfortably above the average over the last ten years and are picking up as we approach the tax year end." Davies noted that...