The VCT season has started relatively slowly following the change in the listing rules in July. Since the start of September, about 25m has been raised. I expect this figure to pick up dramatically in the coming months as more VCTs are launched and more column inches are devoted to the subject.This is the last year for the 40 per cent tax rebate, so you will see all and sundry launch in the hope of capitalising. I have nothing against new managers but there are some tried and trusted favourites out there. Nick Ross and his colleagues at Electra are one of my favoured teams. This is their third offering and Electra has a total of just under 60m in VCTs. Ross and his team are seeking established companies that offer good growth potential over three to five years. There will be a split between Aim and unquoted companies, with most being unquoted. Being Electra’s third VCT allows the opportunity for bigger unquoted investments, as this VCT can co-invest alongside the first two. Investors in their first VCT have received dividends of over 8p a share while the NAV has risen by almost 25 per cent. This puts Electra VCT at or near the top of the tables. I have been a strong backer of Ross since I first met him in 2001. I was happy to recommend him last year and this year should not be any different. Electra is seeking 40m. If you are looking for a broadly diversified VCT from a quality manager, Electra Kingsway III VCT may be a good place to start.