| Target dividend: | Unspecified |
|---|---|
| Minimum investment: | £5,000 |
| Target dividend: | Unspecified |
|---|---|
| Minimum investment: | £5,000 |
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About Foresight
The trust is managed by the 12-strong Foresight Ventures team, part of Foresight Group.
Foresight Group has over £12.1 billion of assets under management, of which £700 million is in the Foresight VCTs and EIS funds (March 2024).
The team is headed by Andrew Bloxham who joined Foresight in 2018 and has led the strategy for the last five years. They are supported by the wider Foresight Private Equity team which comprises more than 50 investment professionals.
In 2015, Foresight started collaborating with Williams Advanced Engineering (‘WAE’), a precision engineering company spun out of the highly successful Williams Formula One Team. In 2022, Australian green technology, energy and metals company Fortescue acquired WAE.
Fortescue, the VCT’s Technical Adviser, brings significant experience in technology assessment, IP evaluation and new product launches. This means they often lead on deal sourcing and due diligence pre-investment, while supporting portfolio companies with engineering projects, strategy workshops and technical collaborations.
Important: The information on this website is for experienced investors. It is not a personal recommendation to invest. If you’re unsure, please seek advice. Investments are for the long term. They are high risk and illiquid and can fall as well as rise in value: you could lose all the money you invest.
Investment strategy
The VCT aims to invest in IP-rich companies with innovative and disruptive technologies and the potential to address a large market opportunity.
Investee companies must demonstrate that their technology offers an “order of magnitude” improvement in terms of performance or cost compared to the status quo. This reflects Foresight’s experience that early-stage companies without a track record need to show they are at least 10 times better, faster, or cheaper to successfully displace incumbents.
Given the long development timeframes inherent in deep tech investing, the team tries to avoid highly capital-intensive models. Instead, it prefers companies commercialising and licensing IP, since this strategy should allow them to scale more efficiently.
While the fund is sector agnostic, investments are often aligned with one of the following eight deep tech themes:
- Internet of Things & Sensors
- Autonomous Systems
- Advanced Materials & Nanotechnology
- Next Generation Interfaces
- Factory Automation
- Future of Computing
- Industrial AI
- Scientific Instrumentation
Performance and dividends
The VCT does not specify a target dividend. Dividends are expected to be paid from profits generated from any realisations, so they are likely to be irregular and are not guaranteed.
In the five years to December 2025, the VCT achieved a NAV total return of -5.8%. Past performance is not a guide to the future. Note, we show VCT returns over a five-year period as a minimum, where possible. Where a VCT has followed the same investment strategy for longer, we also show returns over 10 years.
NAV and cumulative dividends per share over five years (p)
Source: Morningstar. Past performance is no guide to the future. Dividends are variable and not guaranteed. The bar chart shows net asset value and cumulative dividends per share for the period 31/12/2020 to 31/12/2025.
Risks: important
This, like all investments available through Wealth Club, is only for experienced investors happy to make their own investment decisions without advice.
VCTs are high-risk so should only form part of a balanced portfolio and you should not invest money you cannot afford to lose. They also tend to be illiquid and hard to sell and value. Before you invest, please carefully read the Risks and Commitments and the offer documents to ensure you fully understand the risks.
To retain the tax benefits, VCTs should be held for at least five years. If you sell VCT shares and reinvest in new shares of the same VCT (including any mergers) within six months, tax relief can be restricted. Tax rules can change and benefits depend on circumstances.
This is a new VCT share class and while the fund is small there will be limited diversification and while the VCT hopes to start dividend payments “as soon as possible” this may still be some years away.
This financial promotion has been communicated and approved by Wealth Club Ltd on 22 April 2025
Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.