Business
Mercia Northern VCTs reopen with larger offers
Mercia Asset Management PLC announced that the three Northern Venture Capital Trusts it manages will increase their 2025/26 offers for subscription by £10.0 million each, totaling an additional £30.0 million, bringing the combined offers to £80.0 million. This expansion, detailed in supplementary prospectuses issued on December 18, 2025, aims to fund growth businesses across the UK, leveraging larger investment limits announced in the UK Budget. The company, with approximately £2.0 billion in assets under management, noted strong progress in these fundraises despite a competitive VCT fundraising environment. Disclaimer*
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n\nRNS 23 December 2025 \nMercia Asset Management PLC\n \n(\"Mercia\" the \"Company\" or the \"Group\")\n \nMercia managed Northern VCTs announce re-opening and increase in size of offers for subscription\n \nMercia Asset Management PLC (AIM: MERC), the regionally focused, private capital asset manager with c.£2.0billion of assets under management (\"AuM\"), is pleased to note that the three Mercia managed Northern Venture Capital Trusts (\"Northern VCTs\"), which form part of Mercia's AuM, announced on 8 December 2025 their intention to increase their 2025/26 offers for subscription by a further £10.0million each (£30.0million in total).\n \nThe combined offers for subscription now total £80.0million, with each Northern VCT issuing a supplementary prospectus on 18 December 2025.\n \nThe Northern VCTs comprise Northern Venture Trust PLC (NVT), Northern 2 VCT PLC (NTV) and Northern 3 VCT PLC (NTG).\n \nMark Payton, Chief Executive Officer of Mercia, commented:\n \n\"We are pleased by the current strong progress of the Northern VCTs' fundraises and are grateful for the continued support of the Northern VCTs' shareholders, in what is a competitive VCT fundraising environment. The proceeds raised from the increased offers for subscription will be used to continue to back growth businesses across the UK, in line with each Northern VCT's investment mandate, and make u...