Praetura Investments has launched the next offering of its Praetura Growth VCT to raise £10 million for innovative, high-growth businesses.
Since its launch in April 2024, the VCT has deployed the majority of its initial capital and is now aiming to raise an additional £10 million over the next 12 months. The current subscription offer, open as of 8 November 2024, will close on 3 April 2025 for the 2024/2025 tax year or when fully subscribed.
The VCT is focused on investing in companies based predominantly in the North of England, enabling investors to diversify their portfolio with access to businesses in innovation hubs outside London. So far, investments include Manchester-based fintech AccessPay, retail start-up Ocula in Belfast and Nottingham-based insuretech company Percayso. The VCT has also invested in London-based app SeatFrog.
Praetura Growth VCT is promoted by Praetura Investments, which has seen a 24% fundraising increase year-on-year as of the end of October.
Sam McArthur, partner at Praetura Investments, said: “Supporting ambitious businesses in regions outside of London and the South East has always been central to Praetura’s investment strategy. We believe that there is a wealth of talent and potential across the UK, and our investments are designed to help these companies to grow and succeed.
“Through Praetura Growth VCT, we’re able to offer investors a way to be part of this regional development story while providing the benefits of a tax-efficient investment.”
Main image; jakob-cotton-YSzq-h_y9nU-unsplash
