Saving the future of the £6.5bn Venture Capital Trust scheme

The Venture Capital Trust (VCT) scheme has been a vital funding mechanism for high-growth small businesses in the UK. However, it faced uncertainty due to a ‘sunset clause’ that would terminate its operation beyond April 2025 unless renewed by the government. This potential cancellation sparked concern, as it would cut off funding for 1,000 high-growth companies and jeopardize the emergence of future unicorns.