LeggMason VCT gets the go-ahead

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By James Phillipps LeggMason Investors' Aim venture capital trust (VCT) will go ahead as plan...

By James Phillipps LeggMason Investors' Aim venture capital trust (VCT) will go ahead as planned, despite attracting less than a quarter of its initial subscription target. The VCT, which is to be managed by John Johnston, has so far attracted just £6.7m in subscriptions against an initial target of more than £30m but it has passed the £3m threshold LeggMason required to launch the trust. Johnston blames bad timing for the somewhat limited investor interest so far but noted that the VCT's subscription period does remain open until 31 May. He said: "The target was more than £30m...

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