Unlock More Capital Growth With VCTs

David Hall is the Chair of the VCTA (Venture Capital Trust Association), having succeeded Stuart Veale in the role in January this year. He is the Managing Director of VCTA member YFM, where he is involved in all aspects of the business, including fundraising and the management of investments. He also chairs the Investment Committee and directly oversees YFM’s investment in software firm, Matillion.

David joined YFM in 2000 to head the Manchester office and became the MD in 2003. Prior to that he was a director at Enterprise Ventures, the investment arm of Enterprise Plc.

The VCTA represents eleven of the largest VCTs in the UK, making up more than 75% of the VCT industry, equivalent to £4.5bn of the entire £6bn VCT industry.

VCTs are becoming increasingly mainstream, and provide an accessible and cost-efficient source of funding for fast-growth businesses – proving to be a catalyst for growth and offering a bridge to future funding and scaling up. VCTA members have supported some of the country’s most successful entrepreneurs – Secret Escapes, Zoopla, Cazoo and Fat Face – and have around 600 businesses in their portfolio, spanning all sectors in every region of the country.

0:45 Firstly, could you tell us a bit more about VCTs and the work that they do with small businesses across the UK?

2:13 VCTs are only one of many investment models functioning in the UK. What makes their work with small businesses unique, and what are the specific benefits to these businesses?

3:23 Who is the typical VCT investor?

5:29 Clearly, you have helped many growing and scaling businesses during what has been a challenging time for many businesses. What do you think are the main challenges for growing businesses right now, and how is the landscape looking as a whole?

9:17 From your experience, what else do we need to be doing as a country to grow our startup ecosystem and better support British startups?

11:36 How can VCTs be harnessed within this process?

12:40 The recent budget demonstrated that levelling up is still clearly a priority in government policy going forwards – what role can VCTs play in the wider political agenda of levelling up the economy?

14:47 What’s the one thing we haven’t discussed that you want people to know about VCTs?

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Read more about YFM Equity Partners: https://yfmep.com

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