*adjusted for dividends paid after the last quarter end if applicable.
Figures as reported at last quarter date.
Past performance is not a guide to future performance and may not be repeated. Performance forecasts are not a reliable indicator of future performance. The value of investments may go down as well as up and you may not get the full amount invested back.
*adjusted for dividends paid after the last quarter end if applicable.
Figures as reported at last quarter date.
Past performance is not a guide to future performance and may not be repeated. Performance forecasts are not a reliable indicator of future performance. The value of investments may go down as well as up and you may not get the full amount invested back.
British Smaller Companies VCT PLC (BSC) and British Smaller Companies VCT2 PLC (BSC2) (together BSC VCTs) are longstanding generalist VCTs. BSC was founded in 1996, and BSC2 was founded 2000. Both VCTs aim to provide investors with exposure to a diversified portfolio of UK businesses that leverage innovation in their products and services across established and emerging industries.
BSC VCTs have £480 million of Assets Under Management and a portfolio of 42 companies.
A Venture Capital Trust (VCT) is designed to invest in a portfolio of young and innovative businesses with the potential for significant growth. By providing financial backing and long-term support, VCTs help these companies scale and evolve, often adding to their investments as the businesses progress.
Investing in early-stage companies carries inherent risks. Businesses may change, divert, accelerate, decelerate. Not all are successful or achieve their plans, with a small number outperforming. To encourage investment in these high-potential but higher-risk companies, VCT investors benefit from a range of tax reliefs.
YFM Equity Partners has been managing British Smaller Companies VCTs for nearly three decades and has built a strong reputation within the investment community. We have gained this experience through various economic cycles, changes in technologies each time adapting to the evolving conditions and markets. This has refined our ability to identify, nurture, globalise and scale smaller companies.
This long-standing presence in the market highlights our commitment to achieving sustainable performance and delivering value over time.
VCTs provide an opportunity for experienced investors to gain exposure to a portfolio of smaller, high-growth companies that are typically inaccessible through conventional stock market investments.
British Smaller Companies VCTs invest across multiple sectors and companies, ensuring that their investments are diversified rather than concentrated in a single entity.
VCTs offer significant tax benefits to investors, which currently include:
• 30% income tax rebate on your investment (subject to your total income tax bill)
• Tax-free dividends and capital distributions
• Exemption from capital gains tax on any capital gain upon sale
More information on Venture Capital Trusts can be found on the Association of Investment Companies website: theaic.co.uk
Tax reliefs are subject to change. Investors should consult a tax adviser or refer to the HM Revenue & Customs website for further guidance on Venture Capital Trust reliefs.
INVESTMENT HELPED US EXPAND, CREATE NEW JOBS AND SCALE. THE PARTNERSHIP APPROACH WAS A GAME CHANGER.
The value of investments and any income derived from them can go down as well as up. Investors may receive back less than the amount originally invested.
Tax reliefs are contingent on the VCT retaining its qualifying status.
Tax treatment varies based on individual circumstances and is subject to change as tax rules evolve.
VCT shares may experience greater fluctuations in value compared to shares listed on the main market of the London Stock Exchange and could also be more difficult to sell.
For further information on British Smaller Companies VCTs, please contact:
Tracey Nice
