British Smaller Companies VCT and VCT2 have secured over £25 million in applications for their ongoing fundraising effort, which aims for up to £50 million in total for the 2024/25 tax year. Those investing early may receive bonus shares. Applications will conclude by March 28, 2025, or before if oversubscribed.
British Smaller Companies VCT and VCT2 have announced that their recent share offerings have garnered applications exceeding £25 million. This campaign aims to raise up to £50 million for the 2024/25 tax year, initiating in mid-October. It includes an over-allotment option of an extra £25 million and offers early subscribers bonus shares. Stakeholders are urged to act swiftly, as applications will close by March 28, 2025, or sooner if fully subscribed.
British Smaller Companies VCT2 is a Venture Capital Trust focused on providing investments to smaller UK companies. The current fundraising initiative signifies strong investor interest in the venture capital landscape, especially amid economic fluctuations. By targeting a total of £50 million, the funds will be utilized to support the growth of promising small to medium-sized enterprises while offering tax-efficient investment opportunities for investors.
In summary, British Smaller Companies VCT2 is experiencing robust interest in its recent fundraising initiative, with applications surpassing £25 million since its launch. The campaign, which includes a substantial over-allotment option and incentives for early investors, will conclude on March 28, 2025, unless filled beforehand. This reflects a positive outlook for investment in smaller companies in the UK.
Original Source: www.tipranks.com
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