Gresham House Income & Growth VCTs Launch £65m Fundraising Offers with Potential £30m Over-Allotment

An announcement from Income & Growth VCT plc Class S ( (GB:GHV1) ) is now available.

Gresham House Income & Growth VCT plc and Gresham House Income & Growth 2 VCT plc have jointly launched new offers for subscription seeking to raise up to £65 million in aggregate, with the potential to increase this by a further £30 million through over-allotment facilities. The offers, which will issue new ordinary shares on a first-come, first-served basis, open on 5 February 2026 and are scheduled to close on 31 March 2026 for the 2025/26 tax year, with the option for the boards to extend into the 2026/27 tax year if not fully subscribed. Investors may choose to allocate funds between the two VCTs as they wish, and the prospectus has been approved by the Financial Conduct Authority and made available online and via the National Storage Mechanism. Under an offers agreement, each company will pay Gresham House a fee equal to 3% of accepted investment amounts, subject to specified reductions for advised, execution-only, and existing investors; the boards, advised by sponsor Howard Kennedy Corporate Services LLP, have concluded these related-party fee arrangements are fair and reasonable for shareholders.

More about Income & Growth VCT plc Class S

Gresham House Income & Growth VCT plc and Gresham House Income & Growth 2 VCT plc are UK-listed venture capital trusts advised by Gresham House Asset Management Limited. They provide investors with access to portfolios of smaller, growth-oriented UK companies, offering tax-efficient exposure to venture capital and income-generating growth investments, in line with UK VCT rules and oversight by the Financial Conduct Authority.

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Technical Sentiment Signal: Strong Buy

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