I feel I must drop you a line to correct an inaccuracy in an article in the May 10 issue. It states: 'The launch of the first socially responsible VCT is one option which the fund manager is seriously considering.”
For the record, Downing Corporate Finance has beaten Friends because we launched the Pennine Downing ethical VCT in the autumn of 1999 as we realised this was an area of the market being overlooked by other venture capital houses. Indeed, we are considering raising further funds later in the year, such is the demand.
Downing Corporate Finance,