The VCTA has today launched a report in commemoration of the 30th anniversary of the scheme: The Changing Faces of VCTs.

"One of the unique strengths of VCTs is their capacity to adapt and evolve. As this report highlights, the VCT industry is fostering a new generation of talent and technology, and we have a real opportunity to futureproof the UK’s status as a world-leading hub for venture capital. I would like to thank the members of the Venture Capital Trust Association for their ongoing support, and their contributions to this report. Our membership also thanks Lord Clarke for agreeing to become honorary President of the VCT Association. Together with Lord Clarke, we shall continue working towards a vibrant future for the UK venture capital community." - Chris Lewis, Chair of the VCTA

Featuring forewords from Chris Lewis, Chair of the VCTA, and Lord Clarke of Nottingham, the report looks in depth at the history of VCTs following Lord Clarke’s announcement of the scheme 30 years ago, as well as the long-term impacts of the scheme, startup growth, emerging industries, regional impact, and how VCT are continuing to drive innovation across the UK.

The report also explores the opportunity to strengthen the role played by VCTs in backing research-intensive companies, by amending annual and lifetime limits of the scheme, as well as how key stakeholders across the VCT industry – from VCT boards to investment managers and industry advisers – are working together to ensure that women-led businesses can access the funding they need to grow.

Read the full report through this link: https://9d9d6b6c-da02-4293-9a86-7cd4bf679695.usrfiles.com/ugd/ed7722_771d2898bc0c4570b2f3efd8d1311e68.pdf