The government is tightening the rules on the enterprise investment scheme (EIS) and venture capital trusts (VCTs) in a bid to focus the initiatives more at higher risk companies.
Fund manager NVM Private Equity has launched a public offer of new ordinary shares for its venture capital trust (VCT), Northern 2 VCT, with a target of raising up to £15 million.
Venture capital firm North Promotions, a company funded by Edge Performance Venture Capital Trust, has made a £4.2 million takeover approach for Coolabi, the distributor of children’s character Bagpuss.
Asset manager Octopus Investments has signalled a continued commitment to back the UK’s solar industry, announcing plans to raise £120 million to make further investments in renewable energy.
YFM Equity Partners will pay out £7.5 million in dividends to shareholders of its British Smaller Companies Venture Capital Trust (BSC VCT) - one of the largest generalist VCT dividends in a decade.
The Financial Services Authority has warned Venture Capital Trust (VCT) and Enterprise Investment Scheme (EIS) managers to avoid marketing investments at customers solely on attractive tax incentives.
HM Treasury has begun consulting on the future of seed and early-stage investment in the UK after the government announced reforms to the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) in March's 2011 Budget.
The cash holdings of venture capital trusts (VCTs) have increased for another year, with funds totalling £816 million for the 2010-11 tax year - a jump of more than 3.5 per cent on the year before, research reveals.
Venture Capital Trust (VCT) fund managers raised a total of £365 million during the 2010-2011 tax year, the fourth highest amount on record, research finds.
