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7
KEY FINDINGS
Over
£5.5 billion
has been
raised by VCTs since their launch
in 1995
Of initial
investments
into companies
address the
finance gap
identified by
Government
Currently yield
5.6% p.a.
on average
For every £1 of
initial tax relief,
an average
investee company
sees its turnover
rise by
£6.46
44%
of advisers
recommend VCTs
to both HNW and
ordinary retail
clients
New rules
excluding MBOs
and Company
Acquisitions will
change the risk
profile of VCTs
66 VCTs
raised
£440 million in
the year to April
2014
32
PROVIDERS
IN THE
MARKET
(Dec 2015)
TOTAL
ASSETS OF
THE SECTOR
VCTs
MANAGING
FUNDS
2013-14
The average investment size is
£2.31 million
per company
The number of VCTs managing
funds peaked at
131
in 2007-08
Currently yield
8.9% p.a.
on average
67%
of the advisers
we surveyed
recommended VCTs
to their clients
Only
9%
of advisers expected
to recommend fewer VCTs in the
next 12 months
Generalist VCTs
account for more
than
60%
of the
market
(Dec 2015)
1995
2015
£2.31m
April
2014
85%
60%
Generalist VCTs
AIMVCTs
8.9%
5.6%
£3.5 billion
97
VCTs
44%
67%
Investors were split 50:50
when asked if they would
invest more
in VCTs in the
next 12 months
VCTs paid out aggregate
dividends of over
£240
million
in the year to
March 2015
£1
(AIC)