There ia an article in today's FT stating that the VCT Association, apparently a trade body of 10 managers, are in talks with the Treasury wrt a 12 month relaxation of Treasury rules to enable them to put money into smaller companies not currently eligible for vct funds. These companies being in need of funds due to Covid.
If allowed we could see some intriguing investments under the vct wrapper.
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Todays FT
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- Lemon Slice
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Re: Todays FT
If True that is a very positive action by the VCT managers. for many reasons not least being
a) they have cash (in some case a lot of cash) which can usefully be deployed to help with the Post Covid-19 crisis recovery
b) enable them to invest in companies which the current rules prohibit to the benefit of existing shareholder as well.
c) make fund raising for VCTs easier.
The combination of these might well cuase me to reverse my bearish stance
a) they have cash (in some case a lot of cash) which can usefully be deployed to help with the Post Covid-19 crisis recovery
b) enable them to invest in companies which the current rules prohibit to the benefit of existing shareholder as well.
c) make fund raising for VCTs easier.
The combination of these might well cuase me to reverse my bearish stance
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Re: Todays FT
Link is here: https://www.ft.com/content/4dfd15d9-4b1 ... 465ee19989
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"VCTs call for rule changes to release £500m and help save jobs"
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"VCTs call for rule changes to release £500m and help save jobs"
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- The full Lemon
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Re: Todays FT
sinterklaas wrote:Link is here: https://www.ft.com/content/4dfd15d9-4b1 ... 465ee19989
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"VCTs call for rule changes to release £500m and help save jobs"
Interesting to see it's fronted by Beringea's Stuart Veale. A manager who never relied on MBOs and was little-affected by recent rule changes, so no question of his motives being subverting those rules.
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