Downing was founded in 1986, and now has over £1bn of assets under management across VCTs, a number of EIS schemes, an estate planning services and investments within renewable energy and the Alternative Investment Market (AIM).

Downing launched its first VCT, Downing Absolute Income VCT 1 in 1997, following the introduction of the scheme in 1995. It has therefore built up over a 20 year track record in VCT investing, and now manages approximately £231 million of assets within these structures.