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Fundraising

Open Date
25 September 2025
Application Submission Available
2 October 2025
Offers Close (Unless fully subscribed)
27 March 2026

Fundraising PROGRESS

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the BSC VCTs) have now activated the over-allotment facility. The Offers therefore now provide capacity of up to £85m in total.

These Offers will enable the BSC VCTs to keep adding new high-growth businesses to their portfolios and to provide follow-on equity capital to further support and grow the ones that are already there.

Please note applications and monies received from on or around 11 October 2025 will be allotted on 1 or 2 April 2026.  Monies will be held in an interest bearing account during this time, accruing 2.36% pa interest (subject to bank change)

All relevant information is available and can be accessed from this page. 

Funds raised to date are shown below, along with the remaining capacity.

Current Raised
Remaining
£0m
£85.00m

Important Information

Open Date
25 September 2025
Application Submission available
2 October 2025
Offer Size
£60m
Over Allotment
£25m
Offers Close
27 March 2026 (Unless fully subscribed)
Allotment January 2026
For the first £25m, received by 10 October 2025
Allotment April 2026
Applications and monies received after 10 October 2025

The offers

The Prospectus is now available to view in respect of the joint offers by British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (the “Offers”). The Online application form is also now available.

These two established VCTs are now raising up to £85 million in total, following the activation of the £25 million over-allotment facility. The Offers are open to both existing shareholders and new investors for the current 2025/26 tax year.

The early bird offer of 0.125% on the first £25 million raised has now closed. In addition, cleared funds awaiting allotment will receive additional shares equivalent to a 2.36% per annum return*. See below for details of how to apply and links to the Investor Guide and Offer documents.

* Rate is provided by the receiving agent’s banking provider and is subject to change

HOW TO APPLY

You (or your financial intermediary, if applicable) can submit an Application Form (to the Receiving Agent, City Partnership) as shown below. Before investing you should read the Prospectus available on this page, which provides details of the VCTs, initial Offer costs and ongoing charges, as well as relevant risk factors.

Online

Apply via the link here and follow the instructions on the screen. You will be asked to provide your email address and then a unique link will be generated and emailed back to you, which can be accessed by both Investor and Financial Intermediary (where appropriate).

By post

Applications to be sent to BSC & BSC2 Offers, The City Partnership (UK) Ltd, The Mending Rooms, Park Valley Mills, Meltham Road, Huddersfield HD4 7BH.

 

FAQS

Where can I find the online Application Form

The online Application Form is available here

Who can I contact for general enquiries

Please contact YFM for general enquiries: Tracey Nice 0113 208 2646 or email bscfunds@yfmep.com

Who can I speak to about my current Application

Please contact YFM if you have any questions about your current Application: Tracey Nice 0113 208 2646 or email bscfunds@yfmep.com 

When will my shares be allotted

If you submitted your application and monies by 10 October then your shares will be allotted in January 2026.  For any applications and monies received after that date will be allotted on 1 or 2 April 2026.  Monies will be held in an interest bearing account during this time, accruing 2.36% interest (subject to bank change)

When will the Income Tax Relief Certificates be issued

Income Tax Relief Certificates be issued within 10 business days of the allotments. These can be accessed from both investor portal and the tracking system

When will I receive my Share Certificate(s)

The Share Certificates will be posted out within 10 business days of each allotment

For further information

For further information on British Smaller Companies VCTs, please contact:

Tracey Nice

0113 208 2646

bscfunds@yfmep.com