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.

Details regarding how to apply for shares are available below.

Key documents

To download any of the offer documents click on the buttons below:

 

To view the key information documents click on the buttons below:

Northern VCTs funds raised

Correct as of: 8:45 am 5 December 2025

Target Raise (£) Amount Raised* (£) Percentage return of £50m target (%) Status
Northern Venture Trust PLC 20,000,000 20,000,000 100.0% Closed
Northern 2 VCT PLC 10,000,000 10,000,000 100.0% Closed
Northern 3 VCT PLC 20,000,000 16,820,000 84.1% Overalloting
Total 50,000,000 46,820,000 93.6%
*Includes monies logged from applications where funds have not yet cleared.

Apply now via online receiving agent

How to invest

Apply online

Apply directly online via the receiving agent.

For further information relating to applications made or the process to make an application, please contact The City Partnership on 01484 240 910. For any other enquiries please contact Mercia Investor Relations at 0330 223 1430 or at vctshareholderenquiries@mercia.co.uk.

Recent investments

Watch case studies from recent VCT investees including Wobble Genomics, Heidi and iOpt.

Read more about the investments

Heidi

Flexible ski holidays, made easy

Co-founders and brothers of the Bristol-based, Heidi – Marcus and Alexander Blunt – tell the story of how a ‘spreadsheet holiday’ turned into one of the fastest-growing online tour operator specialising in flexible ski holidays.

Mercia Ventures led a £5.6milllon round into Heidi in March of this year to enable the business to further enhance its platform

Wobble Genomics

RNA and DNA sequencing specialists

In March of this year, 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 a bit more, Mercia TV travelled to Scotland in July to speak to CEO and Founder Dr Richard Kuo.

Watch video

iOpt

Award-winning remote property monitoring specialists

iOpt‘s technology allows landlords and tenants to receive real-time information about the condition of a property, alerting them to potential issues before they arise.

Their award-winning sensor technology is monitoring thousands of properties across the UK, helping councils maintaining schools and houses, whilst ensuring tenant welfare.