More than half of this year's venture capital trusts are set to fall short of their targets this week, with the industry left seeking more than £200m.
Last weekend, with just four days to go until the end of the tax year, 15 of this year's 24 VCTs remained open, with a total of £266m still being sought.
Last week, Seymour Pierce became the latest VCT provider to withdraw its offering from the market after it failed to reach its minimum subscription level.
The remaining 15 VCTs have now all passed their minimum thresholds, although some are holding as little as £3.5m.
All the VCTs will straddle the tax years and are expected to try and squeeze the remaining drops out of the market before they close at the end of this month or the start of May.
But it is estimated that the final totals will still see all but two funds – the Downing Classic 3 and Singer & Friedlander Aim VCT 3 – failing to reach their targets.
Allenbridge Tax Shelter Report head of research Martin Churchill says: “Compared with last year, we are still about 33 per cent up, which was in turn up by 100 per cent on the year before.
“The new people were asking for trouble but the ones with a name and a story to tell are doing well.”