Publication of Prospectus by the Northern VCTs
Mercia is delighted to announce the publication of the Northern VCTs’ Prospectus in relation to offers of new ordinary shares for subscription in the 2025/26 tax year. The offers seek to raise a total of £14million for each of Northern VCT PLC and Northern 3 VCT PLC and £7million for Northern 2 VCT PLC, with over-allotment facilities to raise a further £6million for each of Northern VCT PLC and Northern 3 VCT PLC and a further £3million for Northern 2 VCT PLC.
The offers are now open to applications.
Applications for new shares in the Northern VCTs will be dealt with on a ‘first-come, first-served’ basis.
In recognition of the loyalty of the Northern VCT shareholders, existing shareholders on the register of member of any of the Northern VCTs, as at 16 June 2025, along with their spouse or civil partner, whose applications for shares in any of the Northern VCTs are accepted will benefit from a reduction of 0.5% in the offer costs application to their subscription.
Mercia Asset Management PLC announces North East Accelerate Fund
The North East Fund is now live, a £350 million initiative designed to create 2,300 new jobs and support 470 innovative businesses over the next 15 years.
Fund Principal, Ian Wilson details the new North East Accelerate Fund portion, which will invest £50,000 to £1million in early-stage, high-growth companies and help founders turn bold ideas into thriving businesses.
This is a transformative opportunity for founders across the region to access the investment they need to scale, innovate and succeed.
Mercia empowers UK businesses to innovate and grow, forging long-term partnerships
Fuelling UK business ambitions, we provide venture capital, business loans and private equity ranging from £100k to £10m to accelerate growth and impact. Our mission is to be the first-choice provider of capital for businesses that typically seek up to £10million. We strive to be a responsible long-term investment partner, pledging far more than capital when we invest in your business.
Looking for investment?
Mercia Ventures
Venture capital up to £10m
Mercia Business Loans
Business loans up to £2m
FDC
Growth Capital up to £8m
Mercia PE
Private Equity up to £10m