The Boards of the four Maven Income and Growth VCTs have announced their intention to launch a new joint share offer in Autumn 2026 to raise £20 million in aggregate, with the option to use over-allotment facilities to raise a further £20 million.
Subject to availability, investors will be able to subscribe for shares in any combination across the four VCT Offers, in tax years 2026/27 and 2027/28 tax years.
Following the success of last year's fundraising, which saw more than £43 million raised from investors, the additional capital will enable the Maven Income and Growth VCTs to continue expanding their portfolios through both new and follow-on investments. This will support the growth of ambitious UK businesses while aiming to deliver attractive long term returns for shareholders.
Eligible investors can benefit from the full range of VCT tax reliefs, including:
20% upfront income tax relief on subscriptions for new shares
Tax free dividends
Exemption from capital gains tax on disposals of VCT shares
With Maven consistently one of the most active VCT investors in the market and supported by a healthy pipeline of new investment opportunities being generated across its nationwide office network, the VCTs are in a strong position to continue to identify and add interesting investment opportunities to the diversified VCT portfolios that are already established and accessible to new investors.
A further announcement will be made when the prospectus, containing full details of the Offers, becomes available.
VCT shares should be seen as a long-term investment. A VCT’s underlying investments will normally be in unlisted companies whose securities are not publicly traded and are therefore likely to be illiquid and carry substantially higher risk than investments in larger, listed companies. The value of VCT shares, and the level of income derived from them, may fall as well as rise and investors may not get back the money originally invested. Existing tax levels and reliefs may change and the value of reliefs depends on personal circumstances. Past performance is not a guide to future performance.