VCTs/EIS

VCTs

Venture Capital Trusts(VCTs) have posted another strong fundraising year in 2011/12, with £330m of new shares issued in difficult market conditions.

High-net-worth clients on the hunt for tax efficient savings vehicles following the Budget clampdown on maximum investment plans (MIPs) are likely to turn to enterprise investment schemes (EIS) and venture capital trusts (VCTs), the Prudential has predicted....

Few VCTs are upbeat nowadays - they are either fretting over the state of their portfolio, or their next fund, but one manager has just experienced a record number of deals.

Bramdean's Nicola Horlick is launching a fund to raise as much as £2m for film development projects.

Nicola Horlick, chief executive of Bramdean Asset Management, has joined forces with two 3i alumni to launch a new investment business.

Octopus Investments has said it is working with the administrators of Glasgow Rangers after one of its investments was caught up in the debacle.

The government's recent consultation into VCTs and EISs has closed and we are about to learn of HMRC's proposed changes to the rules when they are announced around the time of the Chancellor's Autumn Statement on 29 November.

Investors criticise the government's decision to reverse ‘extension rule' on tax relief.

Charles McIntyre, manager of the IBIS Media VCT, examines the wealth of opportunities available in mass communications.