Mobeus Income & Growth 2 VCT Plc (LSE:MIG.L) operates as a UK-listed venture capital trust that invests in a diversified portfolio of established, unquoted companies requiring growth capital; its core offerings include equity investments and loan stock across sectors such as consumer, healthcare and education, and B2B services, targeting businesses with innovative products, differentiated services, and ambitious management teams primarily in the UK. The company provides investors with a regular income stream through tax-free dividends generated from portfolio income and capital returns, while maintaining VCT qualification; it targets an annual dividend of 7% of opening net asset value per share and operates a share buyback policy for liquidity. Founded in 2000 and headquartered in London, the company focuses on mature-stage investments in small to medium-sized enterprises with high growth potential.
In July 2024, Mobeus Income & Growth 2 VCT Plc undergoes a major restructuring as part of a merger of four Mobeus VCTs into two entities, with its assets and liabilities transferred to Mobeus Income & Growth VCT Plc before being placed into members' voluntary liquidation; this consolidation, approved by shareholders, enhances portfolio scale and operational efficiency. Following the merger, the surviving entity—formerly Mobeus Income & Growth VCT Plc—is renamed Gresham House Income & Growth 2 VCT Plc (LSE:GHV2) in June 2025, reflecting Gresham House Asset Management Limited's advisory role after acquiring the Mobeus VCT platform; the company is delisted from the Official List effective August 2024. Recent portfolio activity includes a partial exit from MRG generating £3.49 million in proceeds (3.3x multiple on cost), positive contributions from holdings like Veritek Global, Active Navigation, and MPB, alongside post-period investments in Mobility Mojo, Gentianes Solutions (Much Better Adventures), and follow-ons in Branchspace, Preservica, and FocalPoint Positioning.