Seneca to launch VCT offering in new year

The North West-based firm said the launch of the Seneca Income & Growth VCT was intended to build on its successes in the enterprise investment scheme (EIS) space. It will team up with the directors of Hygea, which will issue a new class of shares, the assets of which will be managed by Seneca Partners, under what the latter described as "a more generalist investment policy than currently applies to its existing share class". Ian Battersby: EIS life beyond the Budget Despite the VCT sector seeing its second-highest fundraise in its 22-year history, with funds attracting £570m in 20...