For further information on BSC VCTs, please contact:
The City Partnership are the registrar for British Smaller Companies VCTs .
You can call them at 01484 240910 or email registrars@city.uk.com.
Registrars
The City Partnership (UK) Limited
The Mending Rooms
Park Valley Mills
Meltham Road
Huddersfield
HD4 7BH
The most common way for investing in the British Smaller Companies VCTs is when they have an Offer open. You can invest through a financial adviser who will provide advice, through an online discount broker, or directly.
As VCTs are considered high-risk investments, it is strongly advised to consult a financial adviser before making any investment decisions.
BSC and BSC2 shares can be bought and sold through a stockbroker, just like shares of any other company listed on the London Stock Exchange.
Shares bought on the secondary market, however, do not qualify for the (up to) 30% upfront tax relief* although dividends going forward are tax free.
Contact details for the stockbroker, who can help with selling share and buying on the secondary market, are:
A Dividend Re-Investment Scheme (DRIS) is a simple and efficient way for shareholders to reinvest their dividends back into the company rather than receiving them as cash. Here’s how it works:
By participating in the DRIS, investors can steadily grow their investment while enjoying significant tax benefits. It’s an alternative worth considering if you’d like to maximise the long-term potential of your dividends.
To change your preference for how your dividends are handled—whether reinvested through the Dividend Reinvestment Scheme (DRIS) or paid out as cash—you can contact The City Partnership (the VCT registrar) directly.
Online
Visit The Hub to update your preference or request the necessary form.
Email
Contact The City Partnership at registrars@city.uk.com, and they’ll provide the form you need to complete.
Shares purchased through the DRIS are treated as new shares, which qualify for the 30% tax relief. These shares must be held for at least five years to retain the tax benefit.
Full details can be found here.
The City Hub is an easy-to-use online platform that helps you manage your VCT shares. Here’s what you can do:
When the Company transitioned its share registrar to The City Partnership (UK) Limited, all shareholders were issued unique CIN numbers and Investor Access Tokens. These details are needed to register for the Shareholder Hub.
If you haven’t signed up yet, it’s easy—just head over to https://bsc-funds.cityhub.uk.com/ and click on the “Register” tab to create your account.
For shareholders in both BSC and BSC2, you’ll need to use a separate Investor Access Token for each VCT.
If you’ve misplaced your Access Token or run into any issues while registering, don’t worry—The City team is ready to help. You can reach them at 01484 240910 or email registrars@city.uk.com.
Key Information document (KID) for BSC2 read here.
Share certificates are typically issued 10–15 days after shares are allotted following the close of a fundraise. If you haven’t received your share certificate, you can get in touch with the registrar, City Partnership, for assistance.
They’re available at 01484 240910 or by email at registrars@city.uk.com.
If you have lost or not recevied your share certificates, you can contact the registrar, City Partnership who will be able to assist in replacing.
You can call them at 01484 240910 or email registrars@city.uk.com.
The easiest way to update your details is via the shareholder Hub. If you can’t access the hub please contact The City Partnership (UK) Limited, the registrars, who can help.
You can call them at 01484 240910 or email registrars@city.uk.com.
The City Partnership (UK) Limited, our registrars, are here to help during this time.
You can reach them by phone at 01484 240910 or email registrars@city.uk.com, and they’ll guide you through the next steps.
You can easily obtain your income tax relief certificate by logging into the Shareholder Hub.
If you’re unable to access the Hub or need further assistance, The City Partnership (UK) Limited, our registrars, can help. Just give them a call at 01484 240910 or send an email to registrars@city.uk.com, and they’ll guide you through the process.
See British Smaller Companies VCTs performance – https://yfmep.com/fund/british-smaller-companies-vct-plc/performance
British Smaller Companies VCT PLC (BSC) and British Smaller Companies VCT2 PLC (BSC2) are managed by YFM Private Equity Limited, part of YFM Equity Partners LLP. With over 40 years of experience supporting the growth of UK businesses, YFM brings a wealth of expertise to its role.
YFM is authorised and regulated by the Financial Conduct Authority.
The objective of British Smaller Companies VCTs (BSC & BSC2) is to maximise Total Return and provide investors with an attractive long-term tax-free dividend yield while maintaining the Company’s status as a venture capital trust. The investment strategy of the Company is to invest in UK businesses across a broad range of sectors to create a portfolio that blends a mix of businesses operating in established and emerging industries that offer opportunities in the application and development of innovation in their products and services.
These investments will all meet the definition of a Qualifying Investment* and be primarily in unquoted UK companies. It is anticipated that the majority of
these businesses will be re-investing their profits for growth and the investments will comprise mainly equity investments.
The Annual General Meeting (AGM) of British Smaller Companies VCT2 Plc (BS2C) will be held on 12th June 2025 at 9.30 am, at Thomas House, 84 Eccleston Square, London, SW1V 1PX.
Articles of Association of British Smaller Companies VCT2 PLC can be found here
The next Shareholder Workshop will take place on Thursday 19th June 2025 and will be held at 30 Euston Square next door to Euston Train Station.
Invites will be issued March 2025, if you have not received your invite please email bscfunds@yfmep.com
The next fundraise will be announced on the London Stock Exchange (LSE). To stay informed, keep an eye on our website, and if you’re a shareholder, make sure you’re signed up for our email updates.
If you’re not already receiving updates, you can email us at bscfunds@yfmep.com to be added to the list.