VCT community attracts two new entrants
Investor demand for tax-efficient vehicles is luring newcomers into the VCT space, with two launched today.
Committed Capital VCT has launched as an independent, closed-ended vehicle seeking £3-25m to back growing businesses. The business was set up by Peter Dicks, who founded life sciences firm Abingworth. The investor believes the UK's emergence from recession and pent-up demand for investment makes the backdrop "perhaps the most attractive for a generation".
The VCT will make 20 to 30 investments, ranging between £500,000 and £1m in the TMT, retail and leisure, manufacturing and business services sectors.
Future Capital Partners has also launched its first enterprise investment scheme and VCT, both to focus on renewable energy opportunities. FCP is an alternative investment boutique with £6bn assets under management. Its Clean Future VCT will aim to provide tax-free annual dividends of 7% to investors by investing in wind, biomass, landfill gas and solar technology companies.
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