VCT investors: ensure trust meets minimum subscription

By David Walker At least five venture capital trusts are falling well short of their minimum targets. Investors should ensure that their trust has met the minimum subscription. Phil Cammerman, managing director of Yorkshire Fund Managers, said VCT investors should look for trusts that have reached minimum fund targets and have portfolios of at least £5m. The UK's VCTs have so far raised less than half the nearly £700m they were hoping for this tax year. Harvest VCT closed its offer on 14 March after failing to raise the minimum of its £20m subscription. Below the £5m mark, it becomes d...