Venture Capital Trust to Launch £50m Fundraise Following Chancellor’s Decision to Extend Scheme

Venture capital trust (VCT), Fuel Ventures, is set to launch a £50m fundraise on the London Stock Exchange next month. This move comes after Chancellor Jeremy Hunt decided to extend the scheme until 2035, shelving previous plans to wind it down from 2025. The VCT, managed by London-based Fuel Ventures, plans to back 30 tech firms over the next three years with the new cash.