VCTs/EIS

Managers have welcomed Treasury proposals to relax the rules governing VCT and EIS investment.

The Treasury is considering relaxing the rules which govern VCT investment.

ViCTory VCT has appointed Paul Jourdan's Amati Global Investors as its new fund manager, replacing Williams de Broe.

VCTs have invested almost £1bn in small companies between April 2004 and April 2009, according to a new survey from the AIC.

Octopus Investments is hoping to raise £25m through Octopus Titan Venture Capital Trust 4, its latest VCT launch.

Octopus Investments will launch a Secure VCT which it says will cut investors' income tax bill, keep capital secure, and allow a clear exit after five years.

Venture capital trusts (VCTs) aid economic growth through their investments in small businesses, according to Albion Ventures.

Stellar Asset Management is launching a Technology EIS fund which is open to investors from 1 June.

The UK's three tax-based venture capital schemes have each received formal state aid approval from the European Commission.

The Enterprise Investment Scheme Association (EISA) is disappointed this year's Budget does not incl...