Tax-saving venture capital trusts buck start-up investment slump

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City AM

By Charlie Conchie Venture Capital Trusts which allow savers to make tax-savvy early-stage investments have bucked a funding slowdown this year and boosted the amount of cash they are pushing into start-ups. VCTs, which provide a vehicle for retail investors to access venture capital, ramped up their investment by eight per cent to some £664m into firms in the financial year to April, according to data from the industry group the Venture Capital Trust Association (VCTA). The figures come despite a major slowdown in the wider venture capital landscape over the past 12 months as investors grappl…

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