Close Ventures launches VCT

The new VCT will be split fifty-fifty between asset-based firms, mainly in the leisure sector, and growth firms ranging from less risky income producing companies to higher-risk technology businesses. It has been crafted to provide a balance between income and capital growth and has a capacity of £20m. The asset-based businesses will typically be firms with freehold or long-leasehold as their major asset. The growth portfolio will include unquoted companies and could feature names in the pharmaceuticals, healthcare or business services areas. Patrick Reeve, managing director of Close Ve...