RAM Capital and Climate Change Capital are looking to raise up to £10 million through a joint C-share issue for the Ventus and Ventus 2 venture capital trusts (VCTs).

The offer follows on from the successful 2009 'C' share offer and the ordinary share top up offers which closed in January 2010 and were over subscribed.

The Ventus VCTs are specialist VCTs that invest in companies developing, constructing and operating small UK wind energy projects.

The offer opened on 8 February 2010 and is expected to close on 1 April 2010 in respect of the 2009/2010 tax year (or earlier if the Offer is fully subscribed).

The directors of the VCTs believe that continued Government support for UK renewable energy projects, and increasing targets for renewable energy generation create an attractive investment opportunity.