Northern 3 VCT PLC is a Venture Capital Trust. The company is managed by NVM Private Equity. Northern invests mainly in unquoted venture capital holdings, with its remaining assets are invested in a portfolio of listed interest bearing and equity investments and bank deposits. Its objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth. The company holds investments in unquoted UK manufacturing and service businesses which meet the managers' key criteria of fair value, growth potential, strong management and ability to generate cash.