Framlington AIM VCT 2 launched

Framlington has launched its second AIM VCT following the success of the group's first, which raised £24.6 million over the previous tax year.

Managing the Framlington AIM VCT 2 will be Brian Watson, who has extensive experience in AIM companies.

The aim of the company will be to invest in some of the UK's most innovative businesses, with a view to achieving long-term capital growth.

Matthew Woodbridge, VCT manager at Chelsea Financial Services, spoke of the advantages of investing with Framlington AIM VCT 2.

"Due to Framlington's reputation in the UK investment sector and their extensive network of contacts and regional brokers, we anticipate there will be more than sufficient dealflow for the management to sift through for quality investment opportunities."

From November 1st the brochure for the company will be available and it is hoped up to £35 million will be raised for the portfolio with qualifying AIM companies.

Furthermore, the first closing date for applications is December 31st.