Venture Capital Trusts

Help small companies grow, save income tax and receive tax-free dividends

A Venture Capital Trust (VCT) is a publicly listed investment company run by a fund manager. It aims to make money by investing in small, unquoted, entrepreneurial companies and helping them grow. 

When you as a private investor buy shares in a VCT, you get exposure to a portfolio of small companies. The government is keen for experienced investors to invest in this kind of company, because they create jobs and support economic growth. However, investing in small businesses is risky. To help compensate for this, the government offers generous tax benefits

  • Up to 30% tax relief – save up to £60,000 on your income tax bill when you invest in newly issued VCT shares 
  • Tax-free dividends – no need to declare VCT dividends on your tax return
  • Tax-free growth – no CGT on gains
  • Generous allowance – invest up to £200,000 per tax year

Remember, tax rules can change and tax benefits depend on circumstances. 

See all current VCT offers below – you can read our reviews, download the documents and apply online. We also list VCT offers coming soon – you can register your interest for free VCT alerts as soon as offers go live.

Product Sort by value Type Sort by value Target dividend Initial charge Sort by value Initial saving via Wealth Club Sort by value Net initial charge Sort by value Annual rebate Sort by value Funds raised / sought Sort by value Deadline Sort by value Invest now
Albion VCTs

Albion Capital is one of the longest established VCT managers. Together, the six VCTs give investors exposure to a diversified portfolio of c.70 companies, a combination of predominantly growth capital investments and a somewhat smaller legacy portfolio of income-generating, asset-based and renewable energy investments, as well as cash.

Generalist - - - - - -
Coming soon  
Blackfinch Spring VCT

Managed by the Blackfinch Ventures team, this relatively new VCT targets tech-enabled potentially disruptive businesses. Click the link above to read our full review.

Generalist 5% of NAV 5.5% 4.5% (5.5% existing investors) 1% (0% existing investors) 0.10% £1.3m / £20m
26 Jan 2024 for 1.5% early bird saving  
Calculus VCT

Calculus VCT invests in early-stage companies, with a focus on technology, healthcare, and entertainment.

Generalist 4.5% of NAV 5% 3% (3.5% existing investors) 2% (1.5% existing investors) 0.10% £900,000 / £10m
14 Dec 2023 (noon) for 1% early bird saving  
Foresight Enterprise VCT

Generalist trust with a bias towards industrials &, manufacturing, healthcare, and technology, media & telecoms

Generalist 5% of NAV 5.5% 3% (3.5% existing investors) 2.5% (2% existing investors) 0.10% £16.3m / £30m
3 Apr 2024 (noon) for final allotment  
Foresight Technology VCT – FWT shares

A new share class of Foresight Technology VCT, part of the collaboration between Foresight Group and WAE, seeking to invest in early-stage high-growth technology businesses. Click the link above to read our full review.

Specialist 5% of NAV (see review) 5.5% 3% (3.5% existing investors) 2.5% (2% existing investors) 0.15% £2.9m / £15m
3 Apr 2024 (noon)  
Guinness VCT

This is a new VCT from Guinness – the global fund manager and one of the UK’s largest EIS investors.

Generalist 5% of NAV from 2026 5.5% 3.5% (4.5% existing investors) 2% (1% for existing investors) 0.10% £610,000 / £10m
31 Jan 2024 for early bird saving  
Hargreave Hale AIM VCT

An established offer from a well-regarded fund management house. This VCT invests in both AIM and unquoted companies, differentiating it from other AIM VCTs in our view. Read more…

AIM 5% of NAV 3.5% 1% 2.5% 0.10% £8.1m / £20m
22 Mar 2024 for final allotment  
Northern VCTs

The three Northern VCTs are among the longest-running and have built up a strong investor following over the years.

Generalist 4.5% to 5% of NAV 5% 2.5% (3.0% for existing investors) 2.5% (2.0% existing investors) 0.10% £32.5m / £42m
77% full
28 Mar 2024 (noon)  
Praetura Growth VCT

New VCT from an experienced EIS manager, targeting regional businesses in technology and healthcare

Generalist 4-6% of NAV from 2027 3% 3% 0% 0.15% £1.2m / £10m
22 Dec 2023 for 2% early bird saving  
ProVen VCTs

Established VCTs with a diverse portfolio of maturing companies alongside new investments. Beringea has a solid track record of investing in companies with growth potential and supporting them until a profitable exit can be achieved. Click the link above to read our full review.

Generalist - - - - - -
Coming soon  
Puma Alpha VCT

Puma Alpha VCT, the fourteenth VCT from Puma, aims to invest in scale-up opportunities among established, income-yielding growth capital companies.

Generalist - - - - - -
Coming soon  
Puma VCT 13

VCT with a concentrated portfolio focusing on scale-up investment opportunities across different sectors. Click the link above to read our full review.

Generalist 5p per share 3% 1.5% (2.5% for existing investors) 1.5% (0.5% for existing investors) 0.10% £9.1m / £50m
29 Dec 2023 for 1.5% early bird saving  
Seneca Growth Capital VCT

A growth-focused VCT share class managed by Seneca Partners, investing in a mix of unquoted and AIM quoted companies. Click the link above to read our full review.

Generalist 3p per share 5.5% 2.5% (3.0% existing investors) 3.0% (2.5% existing investors) 0.15% £297,500 / £10m
4 Apr 2024 (noon)  
Triple Point Venture VCT

The VCT invests primarily in B2B companies addressing challenges faced by large corporates.

Generalist 5p per share 5.5% 4% (5% existing investors) 1.5% (0.5% existing investors) 0.10% £4.2m / £10m
Limited early bird capacity  
Unicorn AIM VCT

Unicorn is a specialist smaller company fund manager. The manager looks for companies with strong cash flows and potential to pay and grow dividends over time. This is a large, well diversified VCT. Click the link above to read our full review.

AIM - - - - - -
Coming soon  
Mobeus VCTs

The four Mobeus VCTs are stalwarts of the VCT industry. All have the same investment remit and will generally invest in the same companies, albeit usually in different proportions.

Generalist - - - - - £76m / £76m CLOSED    
Octopus Future Generations VCT

A new VCT with a focus on sustainability, managed by Octopus Ventures, the UK's largest VCT manager.

Sustainability focus - - CLOSED    

News about Venture Capital Trusts. Read all