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Current VCT offers

  • Invest in early-stage UK companies with potential for growth and tax benefits
  • High-risk, long-term investments with a minimum of £10,000
  • Best considered by experienced investors as part of a diversified portfolio

Important information - VCTs differ from most traditional investments because they invest in unlisted or early-stage companies. They’re often more volatile, so rises and falls in value and any income should be expected. They also tend to be harder to sell than traditional investments. As with all investments, you may get back less than you invest. This isn’t personal advice. If you’re unsure if a VCT is right for you, please take financial advice from a qualified adviser.

Open VCT offers (Minimum investment £10,000)

These are the current VCT offers that we have available to our clients, but they aren't personalised recommendations and we haven’t selected them on the basis of independent research.

Each VCT issues a prospectus at launch which gives details of specific risks and conditions. It should be read thoroughly before considering an investment. You can also read more about the risks and benefits of VCTs.

VCT name

Initial charge

Annual rebate

Target dividend


  • Calculus VCT

    Invests in entrepreneurial businesses within the technology, healthcare and entertainment sectors.

    Learn more

    Initial charge:
    5.0%
    3.0%
    (2.5% for existing investors)
    With HL discount
    Annual rebate:
    0.5%
    Target divdend:
    5.0%
  • Fuel Ventures VCT

    Focuses on scalable companies across marketplaces, platforms, and software (SaaS).

    Learn more

    Initial charge:
    5.5%
    0.0%
    With HL discount
    Annual rebate:
    0.75%
    Target divdend:
    4p per share by 2027
  • Oberon AIM VCT

    Focuses on AIM-quoted equities with attractive growth potential.

    Learn more

    Initial charge:
    2.5%
    Annual rebate:
    0.6%
    Target divdend:
    5.0%
  • Praetura Growth VCT

    Supports innovative businesses in the north of England.

    Learn more

    Initial charge:
    3.0%
    2.0%
    With HL discount
    Annual rebate:
    0.35%
    Target divdend:
    4.0% - 6.0%
  • ProVen VCT

    Aims to deliver returns for shareholders by backing UK entrepreneurs to build innovative growth companies.

    Learn more

    Initial charge:
    5.5%
    3.0%
    With HL discount
    Annual rebate:
    0.35%
    Target divdend:
    5.0%
  • ProVen Growth and Income VCT

    Seeks to deliver returns by investing in growing companies that can scale successfully through to exit.

    Learn more

    Initial charge:
    5.5%
    3.0%
    With HL discount
    Annual rebate:
    0.35%
    Target divdend:
    5.0%
  • Puma Alpha VCT

    Designed to deliver returns by investing in companies that have successfully transitioned from 'start up' to 'scale up'.

    Initial commission waived by HL: An additional 0.6% of your application value will be added as extra shares.

    Learn more

    Initial charge:
    3.0%
    Annual rebate:
    0.6%
    Target divdend:
    5p per share

Data policy - All information should be used for indicative purposes only. You should independently check the prospectus before making any investment decision. Target dividends, rebate and charges figures provided by the VCT provider. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used.

The discount HL offers to its clients.

The initial charge minus the discount HL offers to its clients.

The target dividend of the VCT. Often provided as a percentage of the net asset value (NAV) of the VCT.

Rebates paid annually as bonus shares. Please note, rebates are often capped or for a fixed period, please check individual listing pages for more details.