Transforming small business
How VCTs create jobs, generate exports and enable growth
With the UK government ‘s consultation Patient Capital Review marching ahead it is timely that The Association of Investment Companies (AIC) has just published it’s own review of Venture Capital Trusts (VCTs). In “Transforming Small Business” the AIC highlights the important role of VCTs in delivering scale-up funding and “transformational” change for UK smaller companies. Targeting growing UK firms, VCTs have helped increase turnover and employment as well as providing much needed capital to these businesses for international expansion.
“Knowledge Intensive” businesses are typical of the high-growth firms suffering from the funding gap and they benefit from increased investment limits under the current VCT rules. With a national UK footprint, the Knowledge Intensive firms receiving the most frequent investment have been in Digital, Creative and Information Services, Health and Business Services.