10th Oct 2025 19:34
British Smaller Cos VCT PLC and British Smaller Cos VCT2 PLC - venture capital trusts with diversified portfolio of UK businesses - Applications above GBP25 million have been received for new share offers for the 2025/26 tax year. "Applicants subscribing for the first GBP25 million of application amounts under the offers will receive additional new shares equivalent to 0.125% of the amount they subscribe," the VCTs say. The offers are looking to raise GBP60 million, with an over allotment facility worth up to GBP25 million.
By Eric Cunha, Alliance News news editor
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