Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Lack of interest shoots down military VCT

Lack of interest shoots down military VCT

A venture capital trust (VCT) that was to have invested exclusively in businesses run by ex-military entrepreneurs has failed to raise sufficient funds.

The launch of the Time:Reboot VCT was announced in November, and aimed to secure up to £20 million.

However, the VCT was unable to attract enough money to be viable and has decided not to proceed.

Those who have already subscribed to buy shares will be refunded.

The VCT had targeted growth in excess of 70% over the first five years of its life, including the initial 30% income tax relief from the VCT structure.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter