VCTs

A number of celebrities, including pop star Robbie Williams, are facing multi-million pound tax bills if a tribunal judgement goes against VCT provider Ingenious Media.

Baronsmead has launched a top-up scheme with the aim of raising £30m across its five-strong range of VCTs.

The British Private Equity and Venture Capital Association (BVCA) is holding talks with Treasury officials over the FSA's proposal to restrict VCT and EIS sales to sophisticated investors.

Brett Williams, the former head of platform giants Skandia and Cofunds, has moved into the EIS market with a series of launches through his new venture Old Burlington Investments (OBI).

Albion Ventures has launched a top up scheme seeking to raise up to £15m across six of its venture capital trusts (VCTs).

Venture capital trusts (VCTs) and enterprise investment schemes (EISs) are to fall under the Financial Services Authority's (FSA's) upcoming guidance on unregulated collective investments schemes (UCIS).

Venture capital trusts (VCTs) are facing the prospect of a steep decline in fundraising if they are not granted an exemption from the FSA's ban into the sale of unregulated collective investment schemes (UCIS) to retail investors.

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The government will be able to widen the scope for VCT investment after the European Commission approved its proposals.