Venture Capital Trusts (VCTs) are a vital source of patient capital for the UK’s entrepreneurial businesses. With a nationwide footprint and decades of experience of investing, VCTs manage investments in early-stage companies spanning established industries such as retail, healthcare and manufacturing as well as emerging sectors such as cyber security, fintech, and AI. The Venture Capital Trust Association (VCTA) represents twelve of the largest managers of Venture Capital Trusts in the UK. These members represent more than 90% of the £6.6 billion VCT industry. The twelve managers represented in the VCTA are: Albion Capital, Beringea, Canaccord Genuity, Foresight Group, Gresham House, Maven Capital Partners, Octopus Group, Mercia Asset Management, Molten Ventures, YFM Equity Partners, Pembroke Investment Managers, and Puma Investments.