VCTs fill in record speed ahead of 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 days at the beginning of January. Other quick-filling offers include Unicorn's AIM VCT, which closed within two weeks and Maven's VCT 6, which reached its £8m top-up target by 7 February, while numerous other fast-selling examples can be found elsewhere in the sector. Last year's venture capital trust (VCT) rule changes, such as their no longer being able to back management buy-out s...