What do the companies look like?
VCTs invest in small, fledgling companies in need of capital. HMRC rules require that at least 70% of a VCT's assets are invested in 'qualifying holdings'. There are a number of rules surrounding what constitutes a qualifying holding, but the main ones are that the company must not have net assets of more than £15m, and must have fewer than 250 employees.
A number of companies which have benefited from VCT investment have grown to become household names.