Praetura Growth VCT
About Praetura Growth VCT plc
Targeting a competitive annual dividend combined with associated tax reliefs.
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.£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
12-year
Track record of investment in small and mid-sized companies
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.
Our Approach
Praetura Growth VCT builds on our 12-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.
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
Praetura Ventures’ current portfolio businesses:
A bit about Peak
Peak has developed an AI-based decision intelligence system which sits at the heart of a business, using machine learning algorithms to convert data into actionable insights to help drive growth, increase profitability, improve efficiencies and sustainability.Hailed as one of the North's breakout tech success stories, the business works with a number of global brands such as ASOS, KFC, Nike and PepsiCo. Their technology has been widely praised for its ability to drive commercial results and after a recent fundraise led by investment-giant SoftBank, the business is now scaling rapidly internationally. Praetura first invested in Peak when there were just three founders at idea stage, since then they've now grown their team to over 250 people around the world.
A bit about BankiFi
BankiFi is a Manchester based fintech business which was founded by Mark Hartley. Mark previously scaled Clear2Pay which sold in 2014 for approximately $375m. BankiFi sells its technology into banks and financial institutions to enable them to leverage open banking and compete against FinTechs. It is focused on providing technology to help banks better service their SME client base with value adding solutions. These solutions enable the SME to operate more effectively.
A bit about Patchwork
Patchwork was founded by two doctors, Anas Nader and Jing Ouyang, to help ease the staffing crisis faced by the NHS and health sector introducing cost savings and efficiencies. Now working with 100 UK-wide healthcare sites and 40,000 NHS staff, Patchwork is bringing flexibility to staff and employers through its intuitive end-to-end workforce management offering whilst providing significant savings to NHS Trusts they are partnered with.
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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 |
An investment in Praetura Growth VCT carries risk and prospective investors should consult with their own independent financial adviser before making an investment in a VCT.You must read and understand the Praetura Growth VCT Prospectus, which details the risks of the investment, before applying for shares in the VCT. Below are the key risks:
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 641 9475
