The Lemon Fool

The Directors of Hargreave Hale AIM VCT 1 plc are pleased to announce that they intend to launch an offer for subscription ("the Offer") of new ordinary shares this calendar year for subscription in the 2016/2017 and 2017/2018 tax years. 

And there is also a similar announcement for the VCT 2

Hargreave Hale AIM VCT1 have announced the publication of a prospectus (14th DEC 2016) to raise £10M
There is a similar announcement from Hargreave Hale VCT 2

Is this a good one to buy anyone?

I own some. Nothing spectacular. Hargreave focus on AIM/small caps. Not where I would put my money at present.

I quite like these. They've stated that they don't expect their investment process to be overly impacted by the new rules, and they've always seemed better setup to maintain close to a 5% discount to NAV (as the majority of their portfolio is quoted and so a little more liquid).

They seem to raise money consistently in sensible size.

My plan with these has been to own them for 5 years and sell and then reinvest (either 6 months+ later or else via my wife investing in a new offer as I sell).

30% tax relief minus say 7 to 8% costs of getting in and out effectively gives a boost of 4% p.a. to the dividend yield (provided you have the tax capacity to do this).