Mercia Northern VCTs reopen with larger offers

Mercia Asset Management PLC (AIM: MERC), the regionally focused, private capital asset manager with c.£2.0billion of assets under management ("AuM"), is pleased to note that the three Mercia managed Northern Venture Capital Trusts ("Northern VCTs"), which form part of Mercia's AuM, announced on 8 December 2025 their intention to increase their 2025/26 offers for subscription by a further £10.0million each (£30.0million in total).

The combined offers for subscription now total £80.0million, with each Northern VCT issuing a supplementary prospectus on 18 December 2025.

The Northern VCTs comprise Northern Venture Trust PLC (NVT), Northern 2 VCT PLC (NTV) and Northern 3 VCT PLC (NTG).

Mark Payton, Chief Executive Officer of Mercia, commented:

"We are pleased by the current strong progress of the Northern VCTs' fundraises and are grateful for the continued support of the Northern VCTs' shareholders, in what is a competitive VCT fundraising environment. The proceeds raised from the increased offers for subscription will be used to continue to back growth businesses across the UK, in line with each Northern VCT's investment mandate, and make use of the larger investment limits announced in the UK Budget on 26 November 2025."