VCTs raise £402.5 million in 2012/2013 tax year up 22 per cent year on year

24th April 2013

The Venture Capital Trust (VCT) sector raised £402.5m in the 2012/13 tax year (value of new shares issued), according to figures published today by the Association of Investment Companies (AIC).  This is up 22% on the previous tax year (£330.9m).

Excluding enhanced share buy backs, the VCT sector raised £269.2m in the 2012/13 tax year compared to £267.4m raised in the previous tax year.

Ian Sayers, Director General, Association of Investment Companies (AIC) says: “The level of funds raised is at its highest in seven years, reflecting strong investor demand for the sector.  This is a clear vote of confidence in the VCT structure and its role in financing UK smaller companies.”

The AIC has put together the historic figures for VCTs below.

 Historic VCT fundraising figures

Tax year   Fund raising (£millions)          
1995/6 160
1996/7 170
1997/8 190
1998/9 165
1999/2000 270
2000/1 433
2001/2 125
2002/3 65
2003/4 50
2004/5 505                                                         
2005/6 779
2006/7 267
2007/8 219
2008/9 158
2009/10 344
2010/11 365
2011/2012 331
2012/13              403

 

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