The fundraising success, says managing director David Hall, has been largely due to increased awareness and support from the IFA sector: ‘We have been working hard to construct a portfolio that can sustain strong long term performance for our investors. We have achieved this and this has been recognised by the increasing number of IFAs and commentators who have supported and endorsed the fundraising.’

British Smaller Companies VCT, which recently won VCT Fund Manager of the Year at the Growth Company Awards, has achieved a total return of 135.1p per share and a total internal rate of return of 3.2 per cent since it was launched.