Downing Corporate Finance is drawing together top venture capitalists for a new venture capital trust aimed at raising £10m.
Downing Classic VCT will be actively managed by a board which includes Richard Hargreaves and Robert Drummond, both former chairmen of the British Venture Capital Association.
Tim Waterstone the founder of Waterstones bookshop has been appointed non-executive director.
The closing date for the fund is January 29 1999. The minimum investment is £5,000 and IFA commission is 2.5 per cent.