The Praetura Growth VCT
Fund Overview
Praetura Growth VCT provides investors with access to high-growth, scalable businesses primarily based in the North of England. The fund focuses on early-stage investments in technology and healthcare sectors, with a strong emphasis on supporting regional economic development. As of 2024, Praetura Ventures manages over £312 million in assets and has a portfolio of more than 44 companies, 59% of which are located in the North.
The fund has a minimum investment requirement of £3,000 and offers an over-allotment facility of up to £10 million.
Investment Strategy
Praetura Growth VCT aims to bridge the gap in venture capital funding in the North of England by focusing on businesses with high growth potential. Key elements of the strategy include:
- Geographic Focus: Investments predominantly in Northern businesses, taking advantage of untapped opportunities.
- Sector Emphasis: Technology, healthcare, and innovative industries.
- Active Support: Providing "More Than Money" support through mentoring, operational assistance, and access to Praetura’s extensive network.
- Diversity in Portfolio: Opportunities across different stages of business growth.
Performance Metrics
As the fund is relatively new, there is limited performance history. However, Praetura Ventures has a strong track record, managing portfolios with significant capital appreciation over the years.
Current NAV: 97.99p per share as of July 2024.
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.
Fund Documents
Contact Information
- Phone: 0161 641 9475
- Email: [email protected]
- Website: Praetura Growth VCT
Why Consider Access EIS Instead?
Both Praetura Growth VCT and Access EIS offer tax-efficient investment opportunities, but they cater to different investor needs:
| Feature | Praetura Growth VCT | Access EIS |
|---|---|---|
| Investment Focus | Scalable businesses in the North of England | 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 | Limited liquidity through 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 |