A venture capital trust or VCT is a highly tax efficient UK closed-end collective investment scheme designed to provide private equity capital for small expanding companies and capital gains for investors. VCTs are a form of publicly traded private equity, comparable to business development companies in the United States.
VCTs are companies listed on the London Stock Exchange, which invest in other companies which are not themselves listed. First introduced by the Conservative government in the Finance Act, 1995 to encourage investment into new UK businesses, they have proved to be much less risky than originally anticipated.
Read more about Venture Capital Trust: Tax Reliefs, Criteria, Types of VCT
Famous quotes containing the words venture, capital and/or trust:
“Courage charms us, because it indicates that a man loves an idea better than all things in the world, that he is thinking neither of his bed, nor his dinner, nor his money, but will venture all to put in act the invisible thought of his mind.”
—Ralph Waldo Emerson (1803–1882)
“Self-esteem evolves in kids primarily through the quality of our relationships with them. Because they can’t see themselves directly, children know themselves by reflection. For the first several years of their lives, you are their major influence. Later on, teachers and friends come into the picture. But especially at the beginning, you’re it with a capital I.”
—Stephanie Martson (20th century)
“I trust the time is coming, when the occupation of an instructer [sic] to children will be deemed the most honorable of human employment. If it is a drudgery to teach these little ones, then it is the duty of men to bear a part of that burthen; if it is a privilege and an honor, then we generously invite them to share that honor and privilege with us.”
—Angelina Grimké (1805–1879)