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Calculus extends VCT zero-fee

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EIS and VCT specialist Calculus Capital has extended the zero initial fees offer on its new VCT until the middle of February.

The initial offer waived the industry standard promoter fees of between 3% and 5% to the end of 2018, but it is now extending that deal to subscriptions made before February 15th.

The firm told GBI Magazine that the decision follows requests from advisers grappling with client tax returns and investors waiting for bonus cheques.

Madeleine Ingram, Calculus’s Head of Investor Relations, said: “The offer has been very successful but has also attracted interest from advisers and investors who were not able to meet the original deadline and were disappointed. It’s a busy time of the year for advisers as they try to get client tax returns sorted for the end of January. Some regular supporters were waiting for news of their annual bonus too, so we are delighted to be able to agree to the requests for an offer extension.”

John Glencross, CEO of Calculus Capital, added: “We have always specialised in identifying great businesses with strong management teams that have the opportunity to scale up and generate attract investor returns. We’ve been doing that for 20 years and now is as exciting a time to invest in these businesses as ever. The current level of entrepreneurial activity in the UK is unprecedented in my experience and, in an environment where tax benefits are being constantly eroded, this is one area where the government is committed to being generous to encourage investment in growth.”

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