- Hg, the Manager of HgCapital Trust said Monday it had invested in BrightPay, a provider of Accounting and HR payroll software to SMEs in Ireland and the UK.

The terms of the investment were not disclosed, the investment in BrightPay comes just months ahead of Ireland's planned changes to PAYE from January 2019, which will require employers to report PAYE in real time to the Irish Revenue Commissioners.

BrightPay had invested significantly ahead of this change to prepare to support Irish SMEs through this transition.

HgCapital Trust plc would invest approximately £15.4m in BrightPay, representing the Fund's first investment to date.

At 9:17am: [LON:HGT] HG Capital Trust PLC share price was +7.5p at 1897.5p

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