Octopus launches fourth Titan VCT

Octopus Investments is hoping to raise £25m through Octopus Titan Venture Capital Trust 4, its latest VCT launch.

The vehicle will provide funding to unquoted companies, investing between £200,000 and £1m in 20 to 30 firms. Octopus' three previous Titan VCTs have raised more than £50m. Guy Myles, the Octopus Investments managing director, says increasing numbers of investors are looking at VCTs as mounting tax burdens and falling investment or saving returns erode finances. "VCTs are highly tax efficient investment vehicles and more investors are looking at them as a way to grow their money or as an alternative to a pension," he says.