VCT fundraising dips 18% to £882m but remains third highest on record

The AIC famous the final tax 12 months marked the third highest fundraising by VCTs, regardless of falling 18% from simply over £1bn in 2022/23.
The sector’s file was reached within the 2021/22 monetary 12 months, when fundraising hit £1.1bn, that means that within the final three tax years, VCTs raised greater than £3bn.
Funding into VCTs hits £144.5m in 4 weeks as tax 12 months finish looms
Richard Stone, CEO of the AIC, mentioned: “The continued robust fundraising by VCTs will likely be a fantastic profit to the UK’s modern younger companies in a difficult setting.
“This assist has an influence past the companies …