Definitions for "Venture Capital Trust"
A Venture Capital Trust (VCT) is a quoted company which invests in unquoted trading companies. You can buy shares in VCT rather than in the underlying companies, thereby spreading your risk. To encourage investment of this type, various tax reliefs are given by the Inland Revenue if you invest in an approved VCT.
a quoted collective investment vehicle similar to an Investment Trust
a type of Investment Trust, which buys shares in the sort of small business ventures, which would normally attract venture capital