Maven VCT Offers now open

     

    Access diversified portfolios of dynamic, emerging UK companies across sectors that are reshaping the economy, while benefiting from attractive tax reliefs.

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    About the Offers

    The four Maven Income and Growth VCTs are raising up to £20 million to continue to expand and develop their highly diversified portfolios of private companies and selective AIM quoted holdings.

    By investing in the Maven VCTs you will gain access to one of the best resourced and active managers in the UK industry, with a nationwide network of 13 offices, as well as benefitting from attractive tax reliefs and the potential for capital appreciation.


     

    Attractive Tax Benefits

    20%

    Income tax relief
    On up to £200,000 per tax year.
    Shares must be held for five years.

    0%

    Tax on dividends
    No income tax on VCT dividends.

    0%

    Capital Gains Tax
    No CGT on the disposal of VCT shares.

    Tax benefits can vary according to investors' individual circumstances.

    Securities Note

    2026/27 Securities Note

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    Investor Brochure

    2026/27 Investor Brochure

    Brochure available soon
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    Apply now

    Apply Online

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    Key facts & figures

    6%

    target annual dividend 1

    4

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

    £20m

    target fundraise (£5 million per VCT). Plus £20 million over-allotment facilities

    £62m

    returned to investors in dividends over past three years 2

    125+

    companies in aggregate across the four VCT portfolios

    1.5%

    Early Investment Incentive discount for existing Maven shareholders. 1.25% for new investors.


    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 paid by the Maven Income and Growth VCTs during the two years to September 2026 (includes amounts used to issue new shares under each VCT's Dividend Investment Scheme (DIS) instead of paying cash dividends). Past performance is not a guide to future performance.

    Reasons to invest

    Team Management Opt 2@4x-min-1
    Maven's extensive experience and resource

    Maven is one of the best resourced and most active managers in the VCT industry, with a UK wide office network and a VCT heritage spanning more than 20 years

    Growth (Incremental)@4x-min-1
    Positive Shareholder returns

    The Maven VCTs have long term track record of paying regular dividends and delivering progressive shareholder returns.

    Funding Opt 2@4x-min-1
    Highly diversified portfolios

    Access large and established portfolios of more than 125 companies, in aggregate, operating in high growth sectors such as software, AI & data, cyber security and advanced manufacturing.

    Expansion
    Enhanced dividend policy

    Following a period of strong exit activity and maturity of the portfolios, the VCTs have increased their dividend targets

    Grow Opt 2@4x-min-1
    Strong track record of VCT investments and exits

    Maven has a proven ability to consistently source and exit VCT qualifying investments, utilising a range of strategies to scale smaller businesses and drive Shareholder value

    Team - Management@4x-min-1
    Attractive tax reliefs

    Benefit from a range of tax reliefs, including initial income tax relief of up to 20%, tax free dividends and exemption from capital gains tax on the disposal of VCT shares

    Track record in backing high growth companies

    Two thirds of the current portfolio of private companies backed by the Maven VCTs after 2016* have increased revenues by more than 100%.

     

     

     

    Long term track record of successful exits

    Since September 2023, Maven has achieved 14 profitable VCT exits1 from private companies.

    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

    Offer Documents


    Any decision to invest should only be made based on the information contained in the Prospectus for the Offers (comprising the Securities Note, Summary and Registration Document).

    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 2026/27 tax year - 5 April 2027 
    • For allotment in 2027/28 tax year – 30 April 2027 
    An Early Investment Incentive discount applies to valid applications received (with cleared funds) by 5 February 2027, 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 as soon 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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    Allotments by each Maven VCT will be on dates that the Directors decide and which allow the VCT and the Manager to optimise the deployment of funds raised and ensure that VCT qualifying status is maintained. New Shares will be allotted:

    • for 2026/27 Applications: on or before 5 April 2027; and

    • for 2027/28 Applications: between 6 April 2027 and 4 May 2027.

    This may make it necessary for each VCT to delay its first allotment in respect of 2026/27 until early in its new financial year, and allotments are expected to commence in December 2026 or January 2027. The Maven VCTs intend to make regular allotments where practical, as has been the case under recent Offers, in order to minimise the period until Shares are allotted.

    The completion of each allotment will be announced through a Regulatory Information Service. See Securities Note for further detail.

    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 (posted separately to share certificates).

    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.