Albion and Northern push VCT sales to £580m this year

127% rise year-on-year

Venture capital trust sales have hit £580m this tax year, more than double the £256m raised by the sector in the same period last year.

The latest rise came from the launch of the Albion VCT on 6 January and the Northern VCT today (10 January). By the day after launch, the Albion VCT had already raised over £10 million, filling its early bird capacity.   The £580m raised this year has been dominated by Octopus, which recorded £200m raised by its Titan VCT and a further £40m by each the Octopus Apollo and AIM VCTs. £60m was raised by the British Smaller Companies VCT, £40m by Hargreave Hale AIM VCT and £40m raised by Amati AIM VCT. Octopus Titan VCT raises £200m in four weeks Alex Davies, founder of investment pl...