28 September marks 25 years since the launch of the first VCT. From humble beginnings in 1995 the sector has grown to back winners from Zoopla to Secret Escapes and cutting-edge UK businesses such as Femtech provider Elvie, video games developer Frontier Developmentsand internet-of-things business Simulity.

To celebrate the 25^th anniversary of VCTs the Association of Investment Companies (AIC)has spoken to VCT managers about their best-performing investments, the many companies they’ve backed and the future of the sector.