Octopus launches first VCT in ten years in a bid to raise £20m

Future Generations

Elliot Gulliver-Needham
clock • 1 min read
VCTs have raised record highs of £710m so far in the 2021-2022 tax year
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VCTs have raised record highs of £710m so far in the 2021-2022 tax year

Octopus Investments has launched its first VCT in ten years in a bid to raise £20m with its first sustainability focused VCT.

The VCT, which was launched on 28 January, is named ‘Future Generations' and plans to invest in early-stage businesses that support "building a more sustainable planet, empowering people or revitalising healthcare". Future Generations will be managed by Simon King, a partner in Octopus Ventures. Octopus is the team behind Octopus Titan VCT, the largest VCT in the UK with £1.3bn in assets under management. This is the twenty-seventh VCT to open in the 2021-22 tax year, with VCTs raising record highs of £710m so far. Mobeus VCTs sell out in 24 hours Simon Rogerson, CEO of Octopus ...

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