Story by: Sara Smith, Investment Adviser
Government backing of venture capital trusts (VCTs) is vital for supporting the UK's enterprise economy, according to research carried out by the Association of Investment Companies (AIC).
VCT managers are predicting much-improved fundraising in 2010, boosted by small companies' limited access to bank loans and changes to income tax and pension relief.
The prospects for the venture capital trust sector are looking up, according to Matt Taylor, a partner with environmental investments specialists Foresight Group.
Ventus VCT and Ventus VCT 2 are seeking to raise £10m to plug a financing gap in the renewable energy sector.
Amati Global Investors has appointed Eddie Edmonstone as a director to manage the £14m fund raising for the Noble AIM venture capital trust (VCT).
Stellar has offered investors a 2 per cent discount on initial fee for investment on its Technology enterprise investment scheme (EIS) fund until the end of February.
HM Revenue & Customs (HMRC) has assured Oxford Capital that its Oxford Gateway Approved Enterprise Investment Scheme fund will benefit from tax reliefs in 2009 to 2010, according to chief executive Ted Mott.
The case for higher rate taxpayers putting money into an enterprise investment scheme fund is compelling, according to Susan McDonald chairman of Calculus Capital Fund.
Investor demand for venture capital trusts is expected to surge this year, according to a survey from the Association of Investment Companies.
Investor demand for VCTs will boom in 2010 due to a number of tax changes set to go into effect later this year, according to a survey by the Association of Investment Companies (AIC).
The tax-free dividends available from VCTs make them an attractive option for higher-rate taxpayers looking to beat chancellor of the exchequer Alistair Darling’s budget.
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There’s something rotten in asset management. Maybe that turn of phrase doesn’t have the same ...