Current VCT Offers

The new £20 million joint Offers by Maven Income and Growth VCT 3 PLC (Maven VCT 3) and Maven Income and Growth VCT 4 PLC (Maven VCT 4) are now open.

Get in touch

Opportunity to invest in two established VCTs

These two established VCTs are initially raising up to £20 million (£10m each), with an aggregate over-allotment facility of up to £20 million also available. The Offers are open to both existing shareholders and new investors, for tax years 2021/22 and 2022/23. Similar recent offers by Maven VCTs have closed early, fully subscribed.

An Early Investment Incentive discount is available until noon on 28 January 2022.


Important information

The Securities Note, Registration Document and Summary (together The Prospectus) issued in connection with the Offers, are available on this page and provide details of the VCTs, Offers costs and relevant risk factors. An investment in shares in the Offers referred to on this web page should be made only after reading, and solely on the basis of information set out in, these documents and the Key information Document (KID) for the two VCTs. The past performance of a VCT is not a guide to future performance. No projection or forecast should be inferred from information on this page.

£20m

Target Offer size

£10m per VCT, plus over-allotment facility of up to £10m per VCT 

£8.0m

Amount raised to date

£3,000

Minimum subscription

Offers close

4 April 2022 & 27 May 2022

For the 2021/22 and 2022/23 tax years respectively

Early-bird discount

Until 28 Jan 2022

1.5% discount on the Application Amount for Maven VCT Shareholders
1.25% discount on the Application Amount for New Investors

Backing some of the UK’s most ambitious smaller companies

The Maven VCTs target investment in young and dynamic growth businesses which often benefit from contracted recurring revenues, targeting sectors that are not consumer focused and are generally more defensive in volatile market conditions, such as software, cyber security, training, healthcare and data analytics.

About the Offers

The Investor Opportunity

These are Offers by two established generalist VCTs with large, highly diversified portfolios and a history of generating positive shareholder returns and regular dividends.

Investing in Entrepreneurial UK Companies

Subscription through these new share Offers provides access to existing portfolios of private equity and AIM investments that have been selected for their potential to achieve capital appreciation and generate profitable realisations for VCT shareholders.

The Manager

Maven is one of the best resourced and most active managers in the sector, with a long-standing track record of success and a regional office network offering nationwide coverage of the market for sourcing VCT qualifying investments.

Delivering Growth

The funds raised will allow the VCTs to make further new and follow-on investments in fast growing companies, at a time when Maven's nationwide team is generating a strong pipeline of new opportunities. Maven invests across a broad range of sectors, targeting businesses that have strong core characteristics including a business model capable of scalable growth and a highly capable management team with a proven track record.

Why invest?

list
Proven investment track record

The Maven team has 20 years' experience of backing dynamic private and AIM quoted companies, and is one of the most active VCT investors, with 45 new private equity investments completed across the UK regions since April 2017, including 17 since March 2020.

Buy icon v3
History of delivering profitable exits*
Maven has a track record of working with entrepreneurial businesses to drive growth and create shareholder value. Since January 2017 the Maven VCTs have achieved 15 profitable realisations of private company investments, delivering total returns of up to 4.5x original cost
graph (1)
Creating shareholder value

Maven's record of successful realisations has helped the VCTs to deliver increasing Shareholder returns over the long term, including tax-free dividend payments.

pie-chart
Investor tax reliefs

Investment in a VCT offers a number of tax incentives on subscriptions of up to £200,000  in each tax year, including tax relief of up to 30%** of the amount invested, income tax free on dividends paid, and exemption from capital gains tax on the disposal of VCT shares.

*It should be noted that historical returns and dividends are no indication or forecast of likely future realisation activity or investor returns.

**New VCT shares must be held for a minimum of five years in order to retain the upfront income tax relief (see the Prospectus issued in connection with the Offers, for further details of tax treatment).

Offers documents

An investment in the VCT Offers should be made solely on the basis of information set out in the Securities Note (including Risk Factors and the Terms and Conditions of Application), the Summary and the Registration Document here, as well as the Key Information Documents (KID) for the VCTs.

Investor Brochure
arrow
Securities Note
arrow
Application Form
arrow
Registration Document
arrow
Summary
arrow
KID - VCT 4 Offer 2021-22
arrow
KID - VCT 3 Offer 2021-22
arrow

Apply now

Before investing you should read the Securities Note available on this page, which provides details of the VCTs, initial Offer costs, and ongoing charges, as well as relevant risk factors.

You, or your financial intermediary, can submit an Application to the Receiving Agent, City Partnership, as shown below: (see Securities Note for more details of how to complete the form and make payment)

By Post

An application (including any cheque) can be posted to: 

Maven VCT Offers, The City Partnership, The Mending Rooms, Park Valley Mills, Meltham Road, Huddersfield HD4 7BH.

By Email

An application can be emailed to City Partnership: mavencp@city.uk.com

Email

Online

Applying through the application portal operated by City Partnership.

Submit Online

Further information

Application enquiries
arrow

For an enquiry about an application already submitted, you should 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).

Allotments
arrow

Unless the Offers close early as fully subscribed, New Shares will be allotted and issued in respect of Applications received for the 2021/22 tax year on dates on or before 5 April 2022, or earlier at the Directors’ discretion, and for the 2022/23 tax year, on or before 3 June 2022.

Certificates
arrow

Income tax relief certificates will be issued by email to each Shareholder by the Receiving Agent, City Partnership, within two Business Days of the allotment (or a hard copy certificate will be posted within ten Business Days if an Applicant has not provided an email address).

Share certificates will be issued by post by the Registrar within ten Business Days of each allotment (or CREST accounts credited within ten Business Days for a Shareholder who has their New Shares credited to CREST). Therefore, Shareholders should expect to receive share certificates for their New Shares within 14 Business Days following an allotment.

Information for Financial adviser and brokers
arrow

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.

Do you have a question about the VCT Offers?

For more information about the VCT Offers, call Maven on 0141 306 7400 or get in touch by completing this enquiry form.

VCT Offer Enquiry Form

Subscribe for email updates

close