Funds and Trusts Beginner's Guides

How to invest in VCTs: a beginner's guide

Venture capital trusts (VCTs) are collective funds that take stakes in small companies that investors would generally regard as high-risk (with gross assets of no more than £15 million), and that have been hard pressed to access funding in the absence of bank lending over recent years.

VCT shareholders get a variety of generous tax breaks in return for committing their cash to those high-risk investments.