Total VCT fund raising set to dip this year

2015 Budget measures affected offer numbers

clock • 2 min read

The total raised by venture capital trusts (VCTs) in the current tax year is likely to fall some way short of last year's total of £429m.

This looks largely due to much reduced capacity as the sector went about digesting the full implications of the various measures introduced in 2015's March Budget statement. Puma is believed to be close to filling its a £30m offer while Unicorn's AIM VCT closed its £10m offer in early March and Baronsmead reached its £10m subscription limit in January. However, a number of big names in the VCT sector did not go to investors with an offer this year. Generalists such as Mobeus and Northern were particularly affected by new rules regarding investing in management buyouts that were introd...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers say 'cash returns don't cut it' as equity exposure soars

Advisers say 'cash returns don't cut it' as equity exposure soars

Three quarters of advisers have helped clients increase equities exposure

Hope Coumbe
clock 14 June 2024 • 1 min read
Goal progression: What matters most to younger investors

Goal progression: What matters most to younger investors

Many advisers are trying to win over and retain more younger clients

Gordon Titman
clock 13 June 2024 • 4 min read
Darius McDermott: What will be the catalyst for real assets?

Darius McDermott: What will be the catalyst for real assets?

Real assets are providing increasingly important in the AI boom

Darius McDermott
clock 07 June 2024 • 4 min read