The Foresight Ventures VCT
Fund Overview
Foresight Ventures VCT invests in technology-driven and innovative UK companies, primarily focusing on sectors such as software, digital platforms, and sustainability. With a diversified portfolio, the VCT targets long-term capital growth and regular dividends. Following its recent merger with Thames Ventures VCT 2 plc, the fund now manages assets of approximately £121 million as of November 2024.
Investment Strategy
The VCT focuses on identifying early-stage and growth-stage companies with the potential for high scalability. Managed by Foresight Group LLP, the strategy emphasizes diversification across technology, healthcare, and sustainability sectors.
Key Elements of the Strategy:
Sector Focus:
- Technology: Investments in AI, digital platforms, and software-as-a-service (SaaS) companies.
- Healthcare: Supporting innovation in medtech and life sciences.
- Sustainability: Focused on renewable energy and environmentally friendly solutions.
Investment Criteria:
- Scalable business models with strong revenue potential.
- Proven management teams with a track record of execution.
- Clear market differentiation and competitive advantage.
Portfolio Diversification:
- Holds a broad range of investments across industries.
- Balances high-growth opportunities with more stable income-generating businesses.
Recent Investments:
- Investments in medtech startups focusing on diagnostic solutions.
- Companies leveraging AI for process automation and optimization.
Performance Metrics
| Year | NAV Total Return (%) | Dividends Paid (p/share) |
|---|---|---|
| 2024 | 8.0 | 4.8 |
| 2023 | 7.2 | 4.5 |
| 2022 | 6.5 | 4.2 |
Note: NAV Total Return combines NAV growth and dividends paid.
Tax Benefits
Investors benefit from:
- 30% income tax relief: Available on investments up to £200,000 annually.
- Tax-free dividends: Regular income payments without tax obligations.
- Capital gains tax exemption: No CGT on share disposals.
Tax treatment depends on individual circumstances and may change in the future.
Fund Documents
Contact Information
- Phone: 020 3667 8181
- Email: [email protected]
- Website: Foresight Ventures VCT
Why Consider Access EIS Instead?
Both Foresight Ventures VCT and Access EIS offer tax-efficient ways to invest in innovative UK businesses, but they cater to different investment needs:
| Feature | Foresight Ventures VCT | Access EIS |
|---|---|---|
| Investment Focus | Technology-driven and innovative businesses | Early-stage, high-growth UK startups |
| Minimum Investment | £3,000 | £5,000 |
| Tax Benefits |
- 30% Income Tax Relief - Tax-Free Dividends - Capital Gains Tax Exemption |
- 30% Income Tax Relief - Capital Gains Tax Deferral |
| Liquidity | Some liquidity via AIM and buyback schemes | Illiquid, with returns realized after ~5–7 years |
| Dividends | Regular, tax-free dividends | No dividends; all profits reinvested |
| Risk Level | Moderate to High | Very High |