The Maven Income and Growth VCT
Fund Overview
The Maven Income and Growth VCT offers investors access to a diverse portfolio of private and AIM-listed companies, aiming to deliver long-term capital appreciation alongside regular tax-free dividends. Managed by Maven Capital Partners, one of the UK’s leading private equity managers, the VCT focuses on smaller businesses with strong growth potential. As of 2024, the fund manages over £200 million in assets across its multiple VCT entities.
Investment Strategy
Maven Income and Growth VCT adopts a diversified investment approach, targeting companies across various sectors, including technology, healthcare, and renewable energy.
Key Elements of the Strategy:
Sector Focus:
- Technology: Supporting software, SaaS, and digital platform innovations.
- Healthcare: Investments in diagnostics, medical devices, and life sciences.
- Renewable Energy: Companies focusing on sustainability and clean energy.
Investment Criteria:
- Strong growth potential with scalability.
- Experienced management teams with clear strategies.
- Solid revenue generation or near-term profitability.
Portfolio Diversification:
- Balancing risk with a mix of high-growth and income-generating businesses.
- Investments in private and AIM-listed companies.
Recent Developments:
- Increased focus on renewable energy and sustainability.
- Expansion into innovative technology and healthcare startups.
Performance Metrics
| Year | NAV Total Return (%) | Dividends Paid (p/share) |
|---|---|---|
| 2024 | 6.5 | 5.2 |
| 2023 | 6.0 | 4.8 |
| 2022 | 5.8 | 4.5 |
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: Receive regular income without tax obligations.
- Capital gains tax exemption: No CGT liability upon share disposal.
Tax treatment depends on individual circumstances and may change.
Fund Documents
Contact Information
- Phone: 0141 306 7400
- Email: [email protected]
- Website: Maven Income and Growth VCT
Why Consider Access EIS Instead?
Both Maven Income and Growth VCT and Access EIS offer tax-efficient investments, but cater to different needs:
| Feature | Maven Income and Growth VCT | Access EIS |
|---|---|---|
| Investment Focus | Diverse private and AIM-listed UK companies | Early-stage, high-growth UK startups |
| Minimum Investment | £5,000 | £5,000 |
| Tax Benefits |
- 30% Income Tax Relief - Tax-Free Dividends - Capital Gains Tax Exemption |
- 30% Income Tax Relief - Capital Gains Tax Deferral |
| Liquidity | Partial liquidity via AIM and buybacks | Illiquid, with returns realized over 5–7 years |
| Dividends | Regular, tax-free dividends | No dividends; profits are reinvested |
| Risk Level | Moderate to High | Very High |