Venture capital trust hopes have been buoyed by the government's commitment to extend the lingering sunset clause, experts told Investment Week, as the sector aims to build on its strong fundraising track record, despite the poor performance of the market in recent months.
Peter Hicks, research analyst at Chelsea Financial Services, described his outlook for VCTs from both an economic policy and performance perspective as "positive". From a wider economic perspective, he said VCTs "remain necessary stimulators of economic growth" and that it was likely that the Treasury will continue to back them. Maven Capital Partners expands EIS offering with acquisition of Newable Ventures "The cross-party and government consensus is that removal of VCTs would negatively impact the venture market and limit support to younger growing businesses," he added. Trev...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
