Albion Venture Capital Trust PLC Prospectus Top Up Offer 2017/2018 news update

Albion Venture Capital Trust PLC Prospectus Top Up Offer 2017/2018

Albion Venture Capital Trust PLC, which invests solely in asset-based businesses, has decided to suspend its offer until it is clearer as to what categories of investment by VCTs will be permitted in the future.

This decision was made in light of ongoing discussions in respect of investment in asset-based businesses following publication in August 2017 by HM Treasury of the consultation document ‘Financing growth in innovative firms’.

It is anticipated that changes arising out of the consultation are likely to be made in the Autumn Budget, which is expected in late November or early December.

The Prospectus Top Up Offers for the other five Albion VCTs, which have a broader investment policy to include growth and technology companies, remain open.