Fundraising

Offers reached capacity and closed

18 December 2025

Open Date

25 September 2025

Application Submission Available

2 October 2025

Offers Close (Unless fully subscribed)

27 March 2026

Fundraising Closed

British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (together the BSC VCTs) have now received applications to the maximum level permitted and the Offers are now closed to new applications.

Please note applications and monies received from on or around 11 October 2025 will be allotted on 1 or 2 April 2026. Applications and monies received prior to 11 October 2025 which were included within the first £25 million raised, will be allotted on 7 January 2026. Monies will be held in an interest bearing account during this time, accruing 2.36% per annum interest. Please note that from the 27 January 2026, the interest rate will reduce to 2.06% per annum. The interest rate remains subject to bank change.

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

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) CLOSED 18 DECEMBER 2025

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”).

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 / 2.07% 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. From the 27 January 2026, the interest rate will reduce to 2.06% per annum from the previous rate of 2.36% per annum.

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

Want to understand the British Smaller Companies VCTs?

In this Wealth Club interview, Tom Phillips, YFM’s Investor Relations Director, explains how the British Smaller Companies VCTs invest in UK scale-up businesses, the types of companies backed, and how YFM’s team and regional network support the portfolio. He highlights recent investments and exits, discusses the higher-risk nature of VCTs, and sets out the key points advisers and investors may want to consider when assessing the British Smaller Companies VCTs.

Documents

Fundraising Documents for 2025/26 now available

Key features

Please note the Offers are now closed. For full details of the Offer terms, please refer to the Prospectus. Please note that new VCT shares should be held for a minimum of five years in order to retain the upfront income tax relief.

Offer Size

£85 million total, following activation of the £25 million over-allotment facility

Minimum Subscription

£6,000 across both VCTs

Application Closing Date

27 March 2026, including cleared funds (or earlier if fully subscribed) Offers closed 18 December 2025

Allotment Dates

First allotment of up to £25 million in January 2026, with second and final allotment between 1-2 April 2026

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% per annum interest (subject to bank change). From the 27 January 2026, the interest rate will reduce to 2.06% per annum from the previous rate of 2.36% per annum.

Early Bird Offer - NOW CLOSED

0.125% for the first £25 million

Please note, that as at 10 October 2025 the first £25 million has been raised and the early bird is now closed.

Applications and monies received from on or around 11 October 2025 therefore, will be allotted on 1 or 2 April 2026. Monies will be held in an interest bearing account during this time, accruing 2.36% per annum interest (subject to bank change). From the 27 January 2026, the interest rate will reduce to 2.06% per annum from the previous rate of 2.36% per annum.

Costs of the offers

3.0% Advised, 3.5% Direct, 5.0% Execution Only – please refer to the Prospectus for full details of the offers, including costs

OUR VCTs PORTFOLIO

Software tools for enterprise customers for the extraction and cloud storage of high volumes of data.

An online market-place to generate new customer leads for financial advisers in the UK and USA.

SaaS platform providing test-automation tools for ServiceNow

Background research on individuals and companies using automated AI software tools, for reputation and compliance purposes.

AI-driven SaaS provider that helps water utilities detect blockages, prevent flooding, and reduce pollution through smart wastewater management solutions.

Electric Vehicle (“EV”) charge point software, remotely manages EV chargepoints and payments

DynaRisk is a cyber intelligence SaaS company helping insurers protect their consumer and SME policyholders from digital threats.

Where can I find the online Application Form - Offers closed 18 December 2025

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% per annum interest (subject to bank change). From the 27 January 2026, the interest rate will reduce to 2.06% per annum from the previous rate of 2.36% per annum.

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

Fundraising

Fundraising Closed

Important Information

The offers

Want to understand the British Smaller Companies VCTs?

Documents

Key features

Offer Size

Minimum Subscription

Application Closing Date

Allotment Dates

Early Bird Offer - NOW CLOSED

Costs of the offers

OUR VCTs PORTFOLIO

FAQS

For further information