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Northern 2 VCT ( (GB:NTV) ) has issued an announcement.
Northern 2 VCT PLC has confirmed that its offer of new ordinary shares for the 2025/26 tax year, aiming to raise up to £20 million, is now fully subscribed and closed to further applications. The rapid take-up underlines strong investor demand for the trust’s tax-efficient venture capital strategy and secures fresh capital for deployment into its portfolio of smaller UK companies.
In contrast, the parallel offer by Northern 3 VCT PLC to raise up to £30 million in the same tax year remains open and will close once fully subscribed or by 31 March 2026 at the latest, subject to directors’ discretion. The staggered fundraising across the Northern VCT range provides ongoing access for investors and supports continued scale and diversification across the group’s venture capital activities.
More about Northern 2 VCT
Northern 2 VCT PLC is a UK-based venture capital trust that raises funds from investors to back smaller, high-growth companies, offering tax-efficient exposure to early-stage and growth businesses. It operates alongside sister vehicles Northern Venture Trust PLC and Northern 3 VCT PLC, together targeting retail and professional investors seeking venture capital-focused returns within the UK tax-advantaged VCT regime.
Average Trading Volume: 7,494
Technical Sentiment Signal: Strong Buy
For a thorough assessment of NTV stock, go to TipRanks’ Stock Analysis page.