Publication of Brochure by the Northern VCTs
Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC (known as the “Northern VCTs”) have published an offer document (“Offer Document”) to raise up to £30 million in the 2026/27 tax year (£10 million for each VCT) (“the Offers”).
The Offers will open to applications at 8.00am on 30 September 2026 and 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 any of the Northern VCTs as at 10 June 2026, 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.
Mercia announces its Annual Report & Accounts 2026
Mercia Asset Management PLC is pleased to announce the release of its Annual Report & Accounts 2026.
Early-stage innovation
Through our award-winning VCTs and EIS fund, Mercia gives individual investors access to early-stage innovation and regional growth. Back UK entrepreneurs, enjoy tax benefits, and build a portfolio with impact.
Highlights
Invest in real businesses solving real problems
30% income tax relief (EIS), CGT deferral, IHT benefits
The tax treatment depends on your individual circumstances and
may be subject to change in the future.
Targeted regular dividends and long-term capital growth (VCT)
Backed by decades of experience and thousands of investors
What you can count on
High-growth UK businesses
Access to growth-stage and lower-mid-market UK businesses
Custom investment structures
Bespoke structuring, co-investment rights and reporting
Dual strategy approach
Exposure to both yield-generating and capital growth strategies
Purpose-driven investing
Alignment with sustainability, intergenerational goals and UK impact
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 overlooked 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: Private equity, private debt, EIS & VCT 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
Private equity
Growth capital for lower-mid market SMEs, with hands-on value creation.
Private debt
Senior and Stretch Senior lending to profitable UK SMEs, targeting double-digit IRRs.
EIS & VCT
Tax-efficient access to early-stage innovation.
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.