Praetura Growth VCT
| Next application deadline: | 18 February 2025 |
| Next allotment date: | 19 February 2025 |
Additional allotment dates will follow before the tax year end on 5 April 2025, subject to availability. Early applications are encouraged to ensure sufficient capacity.
About Praetura Growth VCT plc
Add Geographic Diversification to VCT Portfolios with Praetura Growth VCT
Investors in Praetura Growth VCT will be supporting growth companies predominantly across the North of England as well as in other parts of the UK whilst benefitting from a range of tax reliefs.
It follows the same investment mandate as the award-winning Praetura Growth EIS fund. The Praetura team has a proven track record in venture capital investing and unparalleled access to early-stage businesses in the North of England. Praetura’s ‘More Than Money’ guiding principle will ensure that portfolio companies get access to industry experts amongst our Operational Partner network.
Since launching in April 2024, the Praetura Growth VCT has invested in 7 companies and has a strong pipeline of potential investments. Here are some of the portfolio companies that we’re excited about:
AccessPay
AccessPay, a Manchester-based fintech company, is a global leader in financial digital transformation for finance and treasury teams. Its platform automates business payments, collections, and cash management through secure banking integration solutions, serving large corporates and financial institutions, including ITV, The AA, and Sainsbury’s.
Seatfrog
Seatfrog provides a platform for rail passengers to upgrade their ticket to first class or switch trains easily, enabling rail operators to increase margins on under-utilised services. With over 650,000 upgrades sold, the company is a strong player in the travel tech sector.
Ocula
Based in Belfast, Ocula leverages AI to automate and enhance eCommerce product pages, driving higher conversion rates for major retailers. The company’s flagship product, Ocula Boost, replaces manual SEO optimisation tasks and has shown strong results with clients like Boots and ASDA.
£3,000
Minimum investment
30%
Upfront income tax relief on an investment of up to £200,000 per tax year
100%
Tax-free capital gains if selling the shares
2%
Early bird discount on the Initial Fee until 3 April 2025
Tax benefits are subject to change and depend on the individual's circumstances. Past performance is no guarantee of future returns.
Caroline Flagg speaks about the what Venture Capital Trusts (VCTs) are
In this video, Business Development Manager, Caroline Flagg, explains what VCTs are.
Our Approach
Praetura Growth VCT builds on our 13-year track record of investing in small and medium-sized companies. Our investment strategy – across both Praetura Growth VCT and Praetura Growth EIS fund – is to invest in growing UK businesses with strong management teams that operate predominantly in the North of England.
Sam McArthur speaks about the Praetura Growth VCT
In this video, Praetura Partner Sam McArthur introduces the Praetura Growth VCT and the opportunity in the North of England. He also details a little bit about the Praetura story and why we're different from other fund managers.
Why do we focus on the North?
The North is filled with talent, potential and opportunity but the region is significantly underfunded compared to London. Our mission is to be the VC of choice for Northern founders and to continue connecting investors to the North’s best early-stage businesses. The North is home to the 4th largest gaming sector in the UK, Newcastle employs 60k people in tech and science, and Manchester is one of the fastest-growing UK digital sectors.Examples of Praetura Ventures’ previous exits
Past performance is no guarantee of future returns.
Download our documentation
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FAQs
- 30% upfront income tax relief on the amount invested, subject to a maximum investment of £200,000 per tax year
- 100% tax-free dividends from the VCT
- 100% tax-free capital gains if selling the shares
| Initial: | Initial fee | 3% | of amount subscribed |
| Ongoing | Annual management fee | 2% (plus VAT if applicable) | of net asset value p.a. |
| Administration fee | 0.35% (plus VAT) | of net asset value p.a. | |
| Performance fee | 20% | of amounts in excess of 120p per Ordinary Share |
- Tax reliefs: Tax reliefs are not guaranteed, depend on the VCT maintaining its VCT qualifying status, the individuals’ personal circumstances and a five-year minimum holding period, and may be subject to change. In the event of the VCT losing its VCT qualifying status or an investor disposing of their shares within 5 years of issue they will be subject to a clawback from HMRC on tax relief claimed.
- Liquidity: It is unlikely there will be a liquid market in the ordinary shares of Praetura Growth VCT and it may prove difficult for investors to realise their investment immediately or in full.
- Capital at risk: An investment in Praetura Growth VCT involves a high degree of risk. Investors’ capital may be at risk.
- General: Past performance of Praetura Ventures in relation to its other EIS qualifying investments is no indication of future results. The payment of dividends is not guaranteed. Investors have no direct right of action against Praetura Ventures. The Financial Ombudsman Service/the Financial Services Compensation Scheme are not available.
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Speak to one of the team via 0161 250 3838
