VCTs fill in record speed ahead of tax year-end

Northern VCT filled in two days

Tom Ellis
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VCTs fill in record speed ahead of tax year-end

Tax-efficient investments, such as VCTs, have been reaching their fundraising targets in record times, spurred by rule changes and the approaching tax year-end.

Northern Venture Trust's £4.3m offer of new ordinary shares filled in just two days at the beginning of February while YFM's British Smaller Companies VCT2 raised its £4.25m limit in a company-record five...

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