VCT top-ups help dispel supply fears for 2015-16

clock • 2 min read

Forecasts of an expected supply shortage in the VCT market may yet prove to be unfounded, following the announcement of two new fund raisings from major names in the sector.

Foresight is the latest group to add itself to the list of providers raising money this tax year after director James Livingston disclosed at an AIC seminar last week it would be asking for £30m in new funds from both current and new investors for its Foresight VCT 1. The details of the offer are yet to be disclosed.  Meanwhile, Maven Capital Partners recently announced a £15m top-up offer for its Income and Growth VCT 6. The offer is open until April, but there is an early incentive scheme for investors who apply before 26 February. The discount applied will be 1.5% for existing shareho...

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