Venture capital trusts saw an 8% growth in deployment of capital over 2022, despite a staggering 23% drop in funding from the wider UK venture capital industry.
Over the 2022 calendar year, VCTs invested £664m across 345 investments, data from the Venture Capital Trust Association revealed. Fundraising figures were also strong for the 2022/23 tax year, with £1bn of new capital being raised for the second year running. Investment Week reveals finalists for 25th Investment Company of the Year Awards At the same time, the wider UK venture capital industry suffered a 23% drop in funding, as, according to KPMG data, investors were pushed to take a more cautious approach amid global economic turmoil. Deal volume also fell, with the number of...
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