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🌐 Entity
Venture capital trust
UK collective investment scheme
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Finance (1)
- Investment (1)
- UK Economy (1)
🏷️ Keywords
Maven Income and Growth VCT 3 (1) · VCT shares (1) · £2.8 million (1) · UK investments (1) · Venture Capital Trust (1) · Tax-efficient investments (1) · Small business funding (1)
📖 Key Information
A venture capital trust or VCT is a tax efficient UK closed-end collective investment scheme designed to provide venture capital for small expanding companies, and income (in the form of dividend distributions) and/or capital gains for investors. VCTs are a form of publicly traded private equity, comparable to investment trusts in the UK or business development companies in the United States. They were introduced by the Conservative government in the Finance Act 1995 to encourage investment into new UK businesses.
