Following the credit crunch the need for VCTs has never been greater as banks pull back from lending to less well established companies.

But an investment in dynamic, entrepreneurial, high growth companies means VCTs are inherently high risk and investors wanting instant access to their cash could end up disappointed. Changes over time have moved the goal posts, as well, so advisers and investors need to stay up to date.

This guide will provide details on the tax reliefs offered, current debates in the sector, regulatory requirements for advising on VCTs, and identifying suitable investors and appropriate products for them.

Supporting material was provided by Jemma Jackson, PR manager of the Association of Investment Companies; Dermot Campbell, managing partner of Kuber Ventures; and Michael Piddock, business line manager for VCTs at Octopus Investments.