Published: Dec 16, 2016
Focus: Growth Capital
Maven Income and Growth VCT 6 has opened its latest VCT Offer, which is limited to £6m in new subscriptions. The Offer is open until 3 April 2016 for 2016/2017 tax year applications and until 28 June 2016 for 2017/18.
It is an opportunity to invest in the new shares of an established VCT which has delivered sustained improvements in Shareholder returns over recent years, and is the only Maven VCT raising funds for the 2016/17 VCT season.
An early investment incentive is also available for investors whose applications are received and accepted up to 28 February 2016 - an additional 1.5% of the application amount will be used to purchase shares for existing shareholders, and 1.25% for new investors.
As well as benefiting from up to 30% initial income tax relief and the potential for regular tax-free dividends, an investment in this Offer provides access to one of the most active, best resourced managers in the VCT industry, with a long-standing track record of success and a nationwide investment team offering full coverage of the UK SME market.
Maven VCT 6 is well positioned to benefit from Maven's strong private equity deal flow across the UK regions, where it has completed four new VCT qualifying investments since April 2016, and the funds raised will allow Maven VCT 6 to make further investments in entrepreneurial, fast-growing UK businesses.
“Maven has a track record of achieving superior investor returns from investment in carefully vetted small private companies, and is a committed backer of innovative British businesses. We manage a diverse private company portfolio and are well equipped to source some of the most exciting new private equity opportunities across the UK, including established companies operating in traditional industry sectors, as well as investing in growth businesses which are challenging the traditional routes to market and creating compelling customer solutions. The new VCT rules present an opportunity for some of the brightest future stars of the UK SME sector to attract growth funding.”
Bill Nixon, Managing Partner at Maven