Figures published today by the Association of Investment Companies (AIC) show that GBP330 million (value of new shares issued), was raised by the VCT sector during the 2011/2012 tax year compared to GBP365 million in the 2010/11 tax year and the sixth highest amount since VCTs were first launched in 1995.
Ian Sayers (pictured), Director General, Association of Investment Companies says: “This is the third year in a row that the VCT sector has surpassed the GBP300 million mark, and the sixth highest amount raised since VCTs were first formed in 1995, reflecting strong demand from investors.
“Capital raised by the VCT sector is filling an important funding gap for UK smaller companies, and supporting UK enterprise.”
