Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
A [venture capital trust (VCT)](/alternative-investments/vct), is a tax efficient UK closed-end collective investment scheme that invests in small companies, either unquoted or trading on the [AIM](/alternative-investments/vct) (formerly the Alternative Investment Market) with the intention of returning a profit to investors.
Venture capital trusts, which are generally themselves listed entities on the London Stock Exchange, were introduced by the government in April 1995 and were designed to encourage investors to invest directly in a range of small [higher-risk companies](/investing/high-risk-investments) whose shares are not listed on a recognised stock exchange.
The maximum investment eligible for income tax relief is £200,000.
VCT | Amount Raising | Minimum investment | Type | Initial Charges
--- | -------------- | ------------------ | ---- | ---------------
[Albion](/alternative-investments/vct/open-vct/albion) | £38m | £6,000 | Generalist | 2.5%
Baronsmead | £45m | £3,000 | Generalist | 3%
Downing ONE | £20m | £5,000 | Generalist | 3%
[Foresight 4](/alternative-investments/vct/open-vct/foresight-4) | £50m | £3,000 | Generalist | 3%
[Maven](/alternative-investments/vct/open-vct/maven-income-growth) | £30m | £5,000 | Generalist | 5%
[Mobeus](/alternative-investments/vct/open-vct/mobeus-income-growth) | £80m | £6,000 | Generalist | 3.25%
Northern 2 | £60m | £3,000 | Generalist | 4%
Octopus Titan | £120m | £3,000 | Generalist | 3%
Pembroke | £20m | £3,000 | Generalist | 5.5%
[Puma 13](/alternative-investments/vct/open-vct/puma-13) | £30m | £5,000 | Limited life | 3%
Amati | £20m | £4,000 | AIM | 3%
### Alternatives to VCTs
[EIS funds](/eis/funds) are an investment vehicle that raises cash from individuals and institutions for the purpose of investing in a portfolio of [EIS eligible](/eis) ventures.
The funds offer up to 30 per cent tax relief for eligible investors. SyndicateRoom has launched two separate EIS funds, find out more [here](/funds).
Investing in early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Tax relief depends on an individual’s circumstances and may change in the future. In addition, the availability of tax relief depends on the company invested in maintaining its qualifying status. Past performance is not a reliable indicator of future performance. You should not rely on any past performance as a guarantee of future investment performance.
This page has been approved as a financial promotion by Syndicate Room Ltd, which is authorised and regulated by the Financial Conduct Authority (No. 613021).
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