Maven VCT Offers

    Investing in Innovation

     

    Back ambitious UK growth businesses by investing in the Maven Income and Growth VCTs, established generalist VCTs with long term track records of paying dividends and increasing NAV total return.

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    Amount raised to date

    £9.1 million

    Remaining capacity

    £20.9 million

    About the Offers

    Subscribe for new shares in the one or more of the four Maven Income and Growth VCTs and gain immediate access to diversified portfolios of innovative smaller private companies, alongside some of the most attractive tax incentives available to UK investors.

    4

    established VCTs, with a long term record of positive shareholder returns

    £30m

    target fundraise (£7.5 million per VCT)
    plus over-allotment facilities

    6%

    target annual dividend 1

    £43.7m

    in dividends paid to shareholders over past two years 2

    90+

    emerging UK companies selected for their high growth potential

    30%

    initial tax relief, as well as tax free dividends and exemption from capital gains tax 3

    1 Dividends paid for the year, as a % of the NAV per Share at the preceding year end. The payment of dividends is not guaranteed.

    2 Aggregate dividends paid by the Maven Income and Growth VCTs during the two years to September 2025 (includes amounts used to issue new shares under each VCT's Dividend Investment Scheme (DIS) instead of paying cash dividends).

    3 New VCT shares must be held for a minimum of five years in order to retain the initial income tax relief. Tax reliefs available are dependent on the investor's individual circumstances.

    Key Documents

    Securities Note

    Securities Note

    Download the Securities Note. Any decision to invest should only be made on the basis of the information contained within this document.

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    Investor Brochure

    Investor Brochure

    Our investor brochure offers a clear, bitesize introduction to the Offers, ideal if you are not yet ready to review the full Securities Note.
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    Apply online

    Apply Online

    The Offers are now open, and we are accepting applications. You can apply online here.

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    Track record of profitable exits

    Every investment the Maven VCTs make starts with the exit potential in mind. It is how our VCTs have built a long term record of successful realisations.

    Find out more about the MirrorWeb exit

    RegTech

    In September 2024 the Maven VCTs realised a significant majority of their investment in award-winning compliance and preservation software provider MirrorWeb, through a sale to MainSail Partners, a US growth equity firm. The profitable realisation generated a 4.0x return on cost, including the value of a retained minority holding in the business.

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    Find out more about the Novatus Global exit

    FinTech

    In September 2024 the Maven VCTs partially realised their investment in Novatus Global, a leading RegTech solutions provider, as part of a $40m investment in the company by US-based private equity firm Silversmith Capital Partners. The transaction delivered a 4.68x total money multiple return for shareholders, inclusive of a retained equity holding in the business.

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    Find out more about the Quorum Cyber exit

    Cyber Security

    In June 2024 the Maven VCTs completed a final exit from Quorum Cyber, delivering an aggregate return of 8.2x for shareholders. Following the initial sale of Quorum in 2021, the Maven VCTs had retained an economic interest in the business alongside the owners which was realised following a strategic investment by Charlesbank Capital Partners, a US private equity firm.

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    Find out more about the CB Technology exit

    Niche Manufacturing

    In September 2024 the Maven VCTs fully exited its investment in CB Technology, a specialist electronics contract manufacturer (ECM), following its acquisition by Elite Electronic Systems, generating a return on investment of 2.85x cost for shareholders.

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    Reasons to invest

    Manager with a proven track record

    Invest with one of the best resourced and most active managers in the VCT industry, with a UK wide presence and a VCT hertitage spanning over 20 years

    Attractive tax reliefs

    A range of tax benefits, including initial income tax relief of up to 30%, tax free dividends and exemption from capital gains tax on the disposal of VCT shares

    Shareholder returns and dividends

    The Maven VCTs have a long term track record of paying dividends and delivering improvements in NAV Total Return, as well as a target annual dividend of 6% (of the NAV per share at the preceding year end)

    Established and highly diversified portfolios

    Immediate access to established VCT portfolios invested in ambitious earlier stage private companies selected for their high growth potential, and offering both geographical and sectoral diversification

    Track Record of Paying Regular Dividends


     
    Maven VCT 1
    Maven VCT 3
    Maven VCT 4
    Maven VCT 5
    Annual yield1
    		 6.08% 6.00% 6.08% 6.15%
    Gross equivalent yield2 (after taking account of 30% initial income tax relief)
    		 8.69% 8.57% 8.69% 8.78%
    Dividend paid per Share in respect of most recent full financial year
    		 2.4p 3.15p 3.75p 2.00p
    5-year average tax free dividend per share3
    		 2.21p (5.60%) 3.34p (6.36%) 3.80p (6.16%) 2.21p (6.79%)

     

    1 Extracted from each VCT’s most recently published annual report, and calculated using the dividends paid in respect of the most recent full financial year and the NAV per Share at the preceding year end.

    2 Calculated based on the annual yield but with the NAV per Share reduced by 30% to reflect the initial tax relief currently available to a Qualifying Investor under the Offers, which would mean that the effective Offer Price paid by the investor is 30% lower than the NAV per Share used to allot Shares (ignoring offer costs, which vary according to whether an Application is eligible for the Early Investment Incentive).

    3 Average of dividends paid in respect of the past five full financial years. % shown is for illustrative purposes and expresses the 5-year average dividend as a yield using the same historical NAV per Share as is used in calculating the annual yield. Historical levels of dividends and yields are not an indication or forecast of likely future returns. The payment of dividends is not guaranteed.

    Large and highly diversified portfolios

    The Maven VCTs invest in dynamic, innovative businesses across high growth sectors, that offer the potential for significant capital growth and strong recurring or contractual revenues.
    Rockar Tech
    E-commerce Software

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    Nano Interactive
    AdTech

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    Summize
    Digital Contracting Software

    Read More

    Manufacture 2030
    Climate Technology

    Read More

    iPac Innovations
    Thermoform Packaging Manufacturer

    Read More

    CYSIAM
    Cyber Security

    Read More

    View all

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    Learn more about the portfolio

    Our handy guide gives investors a clear overview of the VCTs' large, highly diversified portfolios, invested across some of the UK's most vibrant growth sectors.

    Download the portfolio brochure arrow_downward
    Download the Maven VCT Portfolio Brochure

    Document Library

    Investors should read the Securities Note in full before applying and any decision to invest should be made based on the detail held within this document. Maven has also created an Investor Brochure providing a useful bitesize introduction to the Offers.

    The other supplementary documentation available here may be of use when considering an investment in a Maven VCT.

    How to invest

    Apply online, by email, or by posting an application to the receiving agent, City Partnership.

    Apply Online

    Submit an application online through the portal operated by City Partnership:

     

    Apply Online

    Apply by Email

    Submit a paper application by email to City Partnership at mavencp@city.uk.com

     

    Apply by Email

    Apply by Post

    Post a completed application form to:

    Maven VCT Offers
    The City Partnership (UK) Ltd
    The Mending Rooms
    Park Valley Mills
    Meltham Road
    Huddersfield HD4 7BH

    Further information

    Application and Early investment deadlines
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    To be accepted for the relevant tax year, a valid Application (with cleared funds) must have been received by the Receiving Agent, City Partnership, by the following dates: 
    • For allotment in 2025/26 tax year – 9am on 2 April 2026 
    • For allotment in 2026/27 tax year – 5pm on 24 April 2026 
    An Early Investment Incentive discount applies to valid applications received (with cleared funds) by 6 February 2026, which reduces the initial Offer Administration Fee applying to the investment.
     
    See Securities Note for further detail.
    Submitting your application and funds
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    An application cannot be accepted until cleared funds are received, so funds should be submitted at the same time as the application (allowing time for a cheque to clear by any relevant deadline). Where possible payment should be by bank transfer rather than cheque, as an application cannot be accepted if cleared funds have not been received by City Partnership by an application deadline or when an Offer closes. See the Application Notes and Instructions for details of how to apply and provide application funds.

    Application enquiries
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    For a question about the completion of an online or paper Application Form, you should follow the on-screen instructions or read the Application Notes and Instructions document. Otherwise contact the Receiving Agent, City Partnership, at mavencp@city.uk.com or 01484 240 910 (lines open 09.00 to 17.30, Monday to Friday, excluding public holidays). 

    If you have an enquiry about Applications and payments already submitted, you should refer to the acknowledgement email or letter sent by City Partnership (for emails also check spam or junk folders), which provides a link to City’s online tracking service where you can view the latest processing and acceptance status of the application and view/download a PDF copy. City cannot provide other updates about the receipt or status of Applications.

    Allotments
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    There will be one or more allotments by each Maven VCT in each tax year, which will be on dates that allow the VCT and the Manager to optimise the deployment of funds raised and ensure that VCT qualifying status is maintained. See Securities Note for further detail.

    The first allotments for Maven VCTs 3 and 5 are expected to take place on 16 December 2025 - for which valid applications must have been received (with full cleared funds) by 9am on 11 December.

    The first allotments for Maven VCTs 1 and 4 are expected to take place on 15 January 2026 - for which valid applications must have been received (with full cleared funds) by 9am on 12 January.

    One or more of the 4 VCTs are expected to next allot in mid February 2026 following the 6 February end of the Early Investment Incentive.

    Applications received after the deadlines noted above will not be allotted on the dates shown and will be included in the next allotment by each relevant VCT. The completion of each allotment will be announced through a Regulatory Information Service.

    Certificates
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    Following each allotment, the Receiving Agent and Registrar, City Partnership, will issue the following information and certificates in relation to each VCT you apply to:

    An email notification will be sent by City Partnership within three Business Days of an allotment, with a link for the applicant (and their financial intermediary) to download their income tax relief certificate via City’s online tracking service. If an email address has not been provided on the application form, a tax certificate will be posted within ten Business Days of the allotment.

    The Registrar, City Partnership, will issue a share certificate by post within ten Business Days of each allotment (or CREST accounts will be credited within ten Business Days). Therefore, Shareholders should expect to receive share certificates within 14 Business Days following an allotment.

    Information for Financial adviser and brokers
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    Financial intermediaries looking for more information about the Offers, can contact LightTower Partners (which distributes the Maven Offers in the adviser market and specialises in tax efficient products and investment opportunities), at investor-relations@lighttowerpartners.co.uk or 020 7071 3920.