Of all the VCTs chasing cash in the recent round of pre-tax year fundraisings Baronsmead AIM claims to be the only one to attain its full target. ‘We were delighted that the C-share offer proved popular,’ says the trust’s chairman Peter Lawrence.

Of all the VCTs chasing cash in the recent round of pre-tax year fundraisings, Baronsmead AIM claims to be the only one to attain its full target. ‘We were delighted that the C-share offer proved popular’, says the trust’s chairman Peter Lawrence.

First quarter results form the trust show 5.8 per cent growth in the net asset value of the ordinary shares to 109p per ordinary share while the C-shares grew from their 95p issue price to 95.2p. 18 per cent more of the portfolio funds were invested, taking it up to 59 per cent-invested.

Lawrence adds: ‘It was the only VCT Offer in the year to 5 April 2007 that reached full subscription. With total net assets now at almost £30 million, we have achieved a good effective size to pursue our strategy of building a diversified portfolio of AIM investments.’