View more on these topics

Yorkshire sets £20m target with second tech VCT

Yorkshire Fund Mana-gers is offering its second technology venture capital trust, with the aim of raising £20m.

The fund, which is one of several autumn VCT launches, will be called the British smaller technology companies VCT 2.

The investment strategy will be similar to the original fund, which was set up in May last year.

The new fund will focus on providing early stage finance for core technology companies.

As with the first fund, the VCT will be managed in partnership with Cambridge-based Generics Group, which provides special-ist technology advice and support in monitoring investments.

Director Phil Cammerman says: “We are con-fident that the new VCT will prove to be a pop-ular investment. When we announced we were raising additional funding for our first VCT earlier this year, the offer closed within a few days because of the high level of demand.”

Michael Philips partner Michael Both says: “I am planning a potential push on VCTs at the moment. You get good tax breaks and I see them as an important part of overall portfolio management.”

Other forthcoming launches include Matrix&#39s Trivest trust, a new Barons- mead VCT as well as Aim VCTs from Close Brothers, Friends Ivory & Sime and Northern Ventures.


Stewart Ritchie

Recent surveys have shown that employers and the public are ignorant and apathetic when it comes to stakeholder pensions. But with just six months to go before launch, this may be about to change. The Government&#39s publicity campaign has moved up a gear with the publication of a guide for employers. This is an easy-to-read […]

Portman to cancel TESSA transfer penalties

Portman Building Society is withdrawing the transfer penalties on all its variable interest rate TESSA products. The move follows recent concern from the Banking Code Standards Board on transfer penalties. As a result Portman is withdrawing the 180 days loss of interest penalty for customers closing or transferring their variable rate TESSA. Portman Group Communications […]

Flexible Buy To Let In The Pink

Pink Home Loans is offering a flexible buy to let mortgage for people who want to become landlords or existing landlords who want to build up a portfolio of properties.The mortgage has a capped rate of 6.99 per cent for the first year. It then reverts to 1.5 per cent over the Libor rate which […]

Going public

If your company is a four-man pension IFA in Bournemouth, you might think a public relations programme is well outside your remit.After all, isn&#39t PR that thing you do over lunch with journalists and girls in short skirts to get your name in the paper? It is true that relationships between industry commentators and personal […]

Artemis Global Income: favouring Europe over the US

With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm