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Albion’s VCT top-up offer raises £11mn in first day | FT Adviser
Albion raised £11mn in the first day of its latest fundraise for its three venture capital trusts.
Albion Capital’s latest VCT top-up offer has raised £11 million on its first day, reflecting continued investor confidence in the dual appeal of tax-efficient investing and exposure to the UK’s technology and science-led sectors.
The offer, targeting £60 million with an additional £30 million overallotment facility, comes as investors increasingly seek effective ways to manage rising tax exposure while supporting innovative UK businesses.
As Will Fraser-Allen, Managing Partner at Albion Capital, highlighted, the current higher-taxation environment is driving greater awareness of VCTs as one of the few effective ways to reduce tax liabilities while backing high-growth companies in technology, healthcare and deep tech.
Albion’s VCTs back over 85 portfolio companies across B2B software, deep tech, and healthcare — sectors driving the UK’s innovation economy.
Read more via FT Adviser HERE.
