VCTs / EIS

THE directors of Baronsmead VCT 2 have announced interim results for the 12 months to 31 March 2007, which show growth in the net asset value of the ordinary shares of 7.5pc to 123.27p per share.

VCT funds raised for the tax year 2006-2007 have fallen to just over a third of the amount raised the year before, according to research by Allenbridge Group.

VENTURE Capital Trust (VCT) and EISs could be forced into "riskier" company selections after the Chancellor slashed investment limits four-fold for the second year in a row.

THE ISIS-managed Baronsmead AIM VCT says it has already raised £6.4m despite launching its C share issue just ten days ago.

FUND managers have called for a secondary market to be created for Venture Capital Trusts (VCTs), thereby allowing investors to exit more easily.

CLOSE Ventures has officially launched its Enterprise VCT investing in a mixture of low-risk, asset-based businesses and growth companies across several sectors.

ABERDEEN Asset Managers has won the management contract to run the under performing Guinness Flight VCT.

A VCT investing in the live entertainment sector is set to be launched following close on the heels of the Edge Performance trust.

THE net asset value per share of the Aberdeen Growth Opportunities VCT 2 has risen from 100.06p to 109p following the sale of three holdings.

BERINGEA is seeking to raise £15m in a C share offer for the ProVen VCT.