Current Offers

Funds raised at 21 February £33.4m 

Albion Development VCT PLC, Albion Enterprise VCT PLC and Albion Venture Capital Trust have all reached full capacity and are now closed. Three VCTs remain open.

 

Albion VCTs Prospectus Top Up Offers 2016/17

The Offers are now open for investment in the 2016/17 and 2017/18 tax years. All the documents associated with the Offers are available for viewing and download in the right hand column of this page.

The Offers are designed to provide investors with:

  • Tax-free dividend income of around 5.7% p.a.* (equivalent to approximately 8.2% on the net cost of investment after up-front tax relief at 30%)
  • Compound capital growth option through Dividend Reinvestment Schemes
  • Experienced manager with strong track record
  • Investment into an existing mature portfolio
  • Conservative investment strategy

*based on the latest announced net asset values and current annual dividend targets for the Albion VCTs assuming an equal Investment in all of the Offers. 

There is an application form in the back of the Securities Note as well as a separate application form for ease of download. 

For more information please contact:

Stuart Mant
Head of Business Development
E: smant@albion-ventures.co.uk
T: 020 7601 1850

RISK WARNING

The information on these pages relating to VCTs managed by Albion Ventures LLP (Albion) is directed at United Kingdom residents only. Shares in venture capital trusts ("VCTs") referred to on this website will not be offered to non-residents. No reliance is to be placed on the information contained on this website in making an application to subscribe for shares in VCTs managed by Albion.

Any such application may only be made on the basis of the relevant prospectus and/or offer document, which can be downloaded from this website or obtained from: Albion Ventures LLP, 1 King’s Arms Yard, London EC (0207 601 1870). Prospective investors should ensure that they read the risk warnings set out in the prospectus and/or offer document. Albion does not provide financial advice and nothing on these web pages should be construed as investment or tax advice. An investment in a VCT should be considered a long-term investment and the tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.

Under current legislation shares must be held for a minimum of five years for maximum tax benefits and may be affected by future legislation. If certain criteria are not met, for example if the investment is not held for five years or if the VCT does not invest 70% of its funds in qualifying investments, the tax breaks will be withdrawn and you may be required to repay any tax relief which you have received upfront. No VCT can guarantee that its investors will qualify for tax relief. You should not invest in a VCT simply for the tax benefits.The market price of VCT shares may not reflect the full underlying net asset value ("NAV") of shares and shareholders may have difficulty in selling their shares and any sale is likely to be at a discount to the NAV. Potential investors in VCTs managed by Albion should consult their financial advisers.

The value of shares in a VCT and the income from them may fluctuate and investors may not get back the amount they invested. The market price of VCT shares is unlikely fully to reflect their underlying net asset value. It is possible that there may not be a liquid market in the shares of VCTs and shareholders may have difficulty in selling their shares. Any sale is likely to be at a discount to net asset value. VCTs invest in a portfolio of small companies, which by their nature carry greater risk than larger, quoted companies. The tax reliefs available to investors in a VCT are dependent on it maintaining HM Revenue & Customs approval. A failure to meet the qualifying requirements could result in adverse tax consequences to investors, including a requirement to repay the income tax relief obtained. Investors must retain their VCT shares for the minimum period required to retain their initial tax relief. The tax rules and regulations governing VCTs are subject to change. The past performance of AlbionVentures LLP as a fund manager is no guide to the future performance of its VCTs.

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Downloads

Securities Note including Application Form
Securities Note
Download PDF

Application Form
Application Form
Download PDF

 

Securities Note including Application Form
Registration Document
Download PDF

Summary
Summary
Download PDF

 

Investment Guide 2016/2017
Investment Guide 2016/2017
Download PDF

Reasons Why Letter
Reasons Why LetterDownload PDF

 

Tax Efficient Review
Tax Efficient Review
Download PDF