Alistair Candlish is director of Carrington Investments
Key points
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• Venture capital trusts (VCTs) are often thought of as high-risk investments, but this is not always the case nowadays
• The enterprise investment scheme is the latest in a series of UK tax reliefs launched in 1994 in succession to the business expansion scheme
• A VCT is by nature a higher-risk investment and should form part of an overall balanced portfolio
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