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.
A trusted partner
At Mercia, we work closely with financial advisers to provide clients with tax-efficient investment strategies that support long-term growth and estate planning. Through our EIS and VCT funds we offer investors clear, dependable access to UK private markets.
We understand your need for trust, performance and transparency. That’s why we provide regular NAV updates, investor materials and co-branded resources to help you deliver with confidence.
What you can count on:
Established VCT expertise
One of the UK’s longest-standing VCT platforms
Tax-efficient investments
£400m+ under management across EIS and VCT
Compelling tax benefits
30% income tax relief, CGT deferral, IHT relief (EIS)
Built for advisers
Client-ready materials, regular reporting, adviser support
Case study highlight
In March of 2024, Mercia Ventures led a £8.5million fundraise into Edinburgh-based Wobble Genomics Ltd.
Wobble has found a way to detect previously invisible ‘full length’ RNA, and the technology could have wide-ranging applications, from drug development and research to agriculture and ecology.
To find out more, Mercia TV travelled across the border in July to speak to CEO and Founder Dr Richard Kuo. Richard explains more about this revolutionary technology that will play a massive role on the future of health care, biosecurity and biodiversity.
Mercia's sustainability strategy
Head of Institutional Distribution, Dean Heaney, and Sustainability Manager, Bansi Dhillon, chat about Mercia’s sustainability strategy, measurement frameworks and how Mercia implements these approaches across all the different asset classes.
Why Mercia?
We partner with leading institutional investors, pension funds and family offices to deploy capital into the UK regions with high-growth potential. Our model blends access to proprietary deal flow with active portfolio stewardship and a commitment to sustainability and responsible investing.
Mercia at a glance
- C.£2.0bn AuM
- Four investment strategies: Venture capital, private debt, private equity and property development finance
- 11 UK regional offices providing unique market access
- Backed by leading LPs including British Business Investments and UK pension funds
What we offer
Venture capital
Tax-efficient access to early-stage innovation.
Private debt
Senior and stretch senior lending to profitable UK SMEs, targeting double-digit IRRs.
Private equity
Growth capital for lower-mid market SMEs, with hands-on value creation.
Property development finance
Targeted capital for regeneration and development projects.
Market commentary & updates
UK Private Markets insights and news
Sustainability & stewardship
We integrate ESG performance monitoring across all investments and are targeting a Net Zero portfolio by 2050.