AIC responds to government industrial strategy paper
We call for VCT investment limits to be raised and age limits scrapped.
Today the Association of Investment Companies (AIC) welcomed the government’s acknowledgement of venture capital trusts’ role in supporting UK companies in high-growth sectors in its new industrial strategy paper published today.
We’d like the government to increase the investment limits and abolish the age limits for VCT investments. This would allow VCTs to effectively mobilise capital to invest in more British companies with great growth potential.
Richard Stone, Chief Executive of the Association of Investment Companies (AIC)
Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “It’s encouraging to see the government recognise VCTs’ important role in the venture ecosystem. VCTs could do even more to support the government’s growth ambitions if they had greater freedom to invest in scale-ups. We’d like the government to increase the investment limits and abolish the age limits for VCT investments. This would allow VCTs to effectively mobilise capital to invest in more British companies with great growth potential.”
- ENDS -
Follow us on X @AICPRESS
Notes to editors
- The Association of Investment Companies (AIC) represents a broad range of investment trusts and VCTs, collectively known as investment companies. The AIC’s vision is for closed-ended investment companies to be understood and considered by every investor. The AIC has 299 members and the industry has total assets of approximately £263 billion.
- For more information about the AIC and investment trusts, visit the AIC’s website.
- Disclaimer: The information contained in this press release does not constitute investment advice or personal recommendation and it is not an invitation or inducement to engage in investment activity. You should seek independent financial and, if appropriate, legal advice as to the suitability of any investment decision. Past performance is not a guide to future performance. The value of investment company shares, and the income from them, can fall as well as rise. You may not get back the full amount invested and, in some cases, nothing at all.
- To stop receiving AIC press releases, please contact the communications team.
