Seneca Growth Capital VCT launches new £10m B share offer

Since launch the VCT has made 16 investments

Seneca Partners has launched a new offer for subscription for its Growth Capital VCT B shares, to raise £10mn, with an over-allotment facility to raise up to a further £10m.

Shareholders in the VCT will gain access to growing businesses in the UK, via a diverse portfolio of established, private and AIM quoted businesses. The VCT aims to provide investors with an attractive income stream, as well as capital growth over the longer term.  The VCT has raised more than £13.5m since launching its B Share class in 2018 and most recently shareholders have benefitted from a 34.3% increase in the NAV (inclusive of dividends paid) as at 15 October 2021, from the 30 March 2020 NAV of 79.5p per B share at the start of the  pandemic. Seneca Partners boosts EIS offering...