Foresight Enterprise VCT launches £20m share offer

Additional £10m via over-allotment facility

Lauren Mason
clock • 1 min read

Infrastructure specialist manager Foresight Group has launched a new offer for subscription to raise £20m for its Enterprise VCT, with the ability to raise a further £10m through the issuance of new shares via an over-allotment facility.

The offer is open to investors for tax years 2021/2022 as well as 2022/2023, and comes as the team seeks to expand its 35-strong portfolio of investments in UK small and medium-sized businesses. Foresight Enterprise VCT aims to provide investors with an attractive stream of tax-efficient income through a portfolio high-growth companies, whose enterprise values range between £5m and £35m and who are looking for an additional injection of capital to bolster growth. Seraphim Space trust CEO: Space companies face 'wave of consolidation' James Livingston, partner at Foresight Group, sai...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on VCTs/EIS

AIC urges Treasury to exempt VCTs from cost disclosure requirements

AIC urges Treasury to exempt VCTs from cost disclosure requirements

Amendment to draft legislation

Valeria Martinez
clock 09 October 2024 • 1 min read
Deep Dive: VCT fundraising back in vogue despite concerns of upcoming tax hikes in Budget

Deep Dive: VCT fundraising back in vogue despite concerns of upcoming tax hikes in Budget

VCTs raised £882m in 2023-24 tax year

Linus Uhlig
clock 04 October 2024 • 4 min read
Puma Investments launches up to £70m fundraise for VCT 13

Puma Investments launches up to £70m fundraise for VCT 13

£20m over-allotment

Sorin-Andrei Dojan
clock 25 September 2024 • 1 min read
Trustpilot