Venture capital trust (VCT) manager Albion Capital is seeking to raise up to £80 million, with over-allotment facilities of up to a further £20 million in aggregate, through top up offers across its six VCTs to drive further investment across its portfolio of UK businesses.

According to the firm, the new offer reflects the business’s continued objective of delivering sustainable growth and new investment across its target sectors of B2B software, healthcare (including digital) and mission critical tech enabled services.

Amount to be raised under each offer, and over-allotment facility across the six Albion VCTs:

The companies supported by the six Albion VCTs currently employ approximately 3,500 people and the 15 largest healthcare and technology companies grew their revenues by 35 percent to a combined total of over £120 million during the last twelve months.

Albion Capital has over 20 years' experience investing in early-stage technology companies. Today the Albion team has expertise across technology, healthcare and renewable energy and is led by Will Fraser-Allen.

Mr Fraser-Allen, managing partner at Albion Capital, said: “This new fundraise demonstrates Albion Capital’s ongoing commitment to supporting the UK’s most ambitious, innovative companies which are at an inflection point in their development, requiring additional funding to accelerate growth.

“Despite the incredible progress and acceleration of digital adoption in recent years there is no slowing of investment opportunities and we remain extremely optimistic about the future.

“We have been privileged to manage VCTs for over 20 years and are excited to continue providing a patient source of capital to entrepreneurs who are building the future of the UK economy and creating thousands of jobs in the process.”