Yorkshire issuing further £10m in shares

Venture capitalist Yorkshire Fund Managers is to issue a further £10m worth of shares in its British Smaller Companies VCT2 product. The initial VCT2 issue, which raised £6.8m, is now fully invested, with the exception of a strategic reserve. Yorkshire is looking to raise the funding by 5 April as it believes the technology market now offers excellent investment opportunities following last year's dramatic falls. The new shares have an issue price of 100p, with a minimum subscription of £3,000 per application and no maximum investment amount. The full VCT tax reliefs are only availab...