Featured in this edition of Creating Value is the £5m VCT top-up offer from Maven Income and Growth VCT 4, which is due to close on 5 April for the 2012/13 tax year. We also reflect on similar offers by four of the other Maven VCTs, which closed in February fully subscribed after raising the target £5.5 million within three weeks of opening.
The new offer provides access to a mature later-stage VCT portfolio with a dividend track record, in combination with initial tax relief of up to 30% available on the investment.
We profile a recent VCT qualifying investment in an established business in the Facilities Management sector, and the 2012 exits from Oliver Kay and VYRE in a year which saw five profitable realisations for Maven investors.
Also featured in this issue are details of Maven Ground Rent Fund 1 which is due to launch in Spring 2013, and an update on new investments by the Scottish Loan Fund, which was established by the Scottish Investment Bank to support dynamic SMEs and is managed by Maven independently of our mainstream private equity business.