Venture Capital Trusts

What are Venture Capital Trusts (VCTs)?

Venture Capital Trusts (VCTs) were introduced by the Government in 1995 and are an investment vehicle allowing you to make capital gains whilst benefitting from the tax relief.

Why British Smaller Companies (BSC)?

• Consistent historical high tax-free dividend yield*
• Experienced award winning** fund manager with strong track record
• Investment into a mature and diversified portfolio of 42 investments
• Successful history of profitable realisations
• Top quartile performance***
• Enhanced liquidity through actively managed share buy-back programme

Click on one of the links below to find out more about our VCTs.

* BSC has paid an average annual tax free cash dividend of 5.25 pence per ordinary share per annum over the five years to 30 September 2012 (this excludes a special dividend of 18.0 pence per ordinary Share in respect of the partial realisation of the investment in GO Outdoors in August 2011). BSC2 has paid an average annual tax free cash dividend of 4.60 pence per ordinary share per annum over the five years to 30 September 2012.

** BSC (managed by YFM Private Equity Limited) was awarded VCT of the year 2011 – Investor Allstars Awards. YFM Private Equity Limited – Winner VCT Deal of the Year 2011 – unquote British Private Equity Awards.

*** BSC is ranked top performer over 3 years and BSC2 is ranked fifth over the same period. Both are ranked in the top quartile over 5 years on net asset growth (Source:Citywire 18 September 2012).