23/1/2025

Shane Elliott reflects on the evolution of VCTs and their promising future in Portfolio Adviser

Beringea’s Head of Investor Relations shares expert insights into the growth and resilience of VCTs

In a recent Portfolio Adviser article, available here, Shane Elliott - Partner and Head of Investor Relations at Beringea, the investment manager of the ProVen VCTs - offers a thoughtful exploration of the recent market shifts and the future potential of VCTs.  

For over three decades, the Venture Capital Trust (VCT) scheme has stood as a pillar of innovation and entrepreneurship in the UK - empowering start-ups, driving job creation, and contributing significantly to the nation’s economic prosperity. Recent data from the Venture Capital Trust Association (VCTA) highlights the sector’s remarkable scale and impact, with VCTs managing an impressive £6.5bn in assets. This underscores their vital role in nurturing the UK’s entrepreneurial ecosystem.  

Despite these successes, recent years have brought challenges. Economic headwinds such as rising inflation, interest rate hikes, and political uncertainty have tested the resilience of the scheme and the businesses it supports. Yet, the sector has demonstrated remarkable strength, with investor confidence holding firm.  

In his piece, Shane reflects on record-breaking fundraising over the past three years, highlighting the strong investor confidence in the scheme. He also discusses encouraging signals from the Chancellor in the latest Budget, which reaffirmed the critical role of VCTs in fostering entrepreneurship. Finally, he celebrates the three decades of the sector’s history, which illustrate its ability to weather economic challenges and emerge stronger.  

If you would like to further discuss the VCT scheme, get in touch with us on 020 7845 7820 or via info@beringea.co.uk.

Important notice: issued by Beringea LLP of Charter House, 55 Drury Lane, London, England WC2B 5SQ, registered in England & Wales number OC342919 and authorised and regulated by the Financial Conduct Authority, number 496358. This material is for information only and does not constitute an offer to buy or sell an investment nor does it solicit any such invitation. The information contained in this article is believed to be accurate at the date of publication but no representation or warranty stated or implied is made or given by any person as to its accuracy or completeness and no responsibility or liability is accepted for any such information or opinion.

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The ProVen products are managed by Beringea, a specialist award-winning venture capital firm. If you have any questions contact us at:

020 7845 7820 | info@beringea.co.uk

020 7845 7820
info@beringea.co.uk

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