Maven Capital Partners, a leading VCT manager, has announced VCT offers to raise up to £30m (with an over-allotment facility for up to a further £10m).
Maven told GBI Magazine it is launching the offers to take advantage of the strong pipeline of new transactions.
Maven VCT investors will also have the opportunity, for the first time, the option to complete and submit an application and payment online by visiting a new dedicated and secure investment portal. This was launched in response to investor demand and is designed to make the application process faster, and simpler for investors.
Bill Nixon, managing partner at Maven Capital Partners said: “We are very pleased to announce these new VCT offers, which reflect the growing pipeline of high quality SME investment opportunities we’re seeing across the UK, where we often see opportunities that aren’t available to other VCT fund managers. We have demonstrated our ability to adapt to the new VCT rules, and have already completed eleven new VCT qualifying deals under those new rules, providing growth finance to innovative UK companies across a range of sectors.
VCTs continue to offer one of the most attractive tax-efficient investment options, providing investors with tax-efficient exposure to UK SMEs, while at the same time enabling small businesses to grow and supporting the creation of thousands of jobs across the UK. Both Maven VCT 3 and Maven VCT 4 have long term track records of delivering strong shareholder returns and attractive levels of tax-free dividends which we know are an important source of income for our client investors.”