In brief: Octopus brings impact VCT back to market

Octopus will try to raise an additional £30m for its tax efficient vehicle for individual savers.

Octopus Investments will once again tap into individual investors in the UK for is Future Generations venture capital trust (VCT), which targets companies aligned with three impact themes: planet, people and healthcare. VCTs are investment vehicles designed to funnel individuals’ savings into smaller companies by offering tax relief. Octopus will try to raise £30 million (€34 million; $37 million) during this offering, having raised £32 million in its debut year 2022 (press release).