Octopus Future Generations VCT
Applications open
Earlybird deadline: 5pm 13 March 2026
Important Information - Venture Capital Trusts (VCTs) invest in small, early-stage, unlisted companies and are considered high-risk investments. It’s difficult to access your money in the short term and their value can go down as well as up so you could get back less than you put in. VCTs are long-term investments and should only be a consideration for experienced investors with larger portfolios. We suggest they form a small part of a diversified portfolio. This isn’t personal advice, if you’re unsure if VCTs are right for you, please consider taking advice. Tax rules can change, and their benefits depend on your individual circumstances.
About Octopus Future Generations VCT
Octopus Future Generations VCT invests in businesses that are helping to build a sustainable planet, empower people or revitalise healthcare.
Key Facts
Launched in 2022
Annual dividend target yield of 5% of NAV, with the potential for special dividends. This is not guaranteed
Holds around 38 companies with over £53 million in assets under administration
Raising £10 million with an over-allotment facility of up to a further £5 million
Before applying you should read the prospectus and key information document. This contains helpful information about how the VCT works and is invested, but will also help you understand any further risks you should be aware of.
VCT offer details
Open to UK investors located and resident in the UK.
Minimum application of £500, capped at a maximum of £200,000.
It’s free to hold VCT shares in an HL Fund and Share Account.
Investors will qualify for a 0.5% annual rebate of the ongoing charge. This is paid annually as bonus shares for seven years.
The offer price will be established through the issue.
Shares are allocated in tranches by the VCT manager during the offer period. There may be a few weeks until your shares are allotted.
Applications can close early and at short notice, especially if there is strong demand.
Any application in this VCT should be made on the basis of the prospectus and any supplementary information issued by the VCT manager. The prospectus and supporting documents are provided by Octopus Investments, Hargreaves Lansdown has not authorised or approved them and is not responsible for their accuracy.
Ready to apply?
Make sure you’ve read these key documents. They cover in more detail the risks and investment strategy of this VCT.
Example companies held by Octopus Future Generations VCT
DRIFT aims to drive the clean energy transition worldwide with high-performance sailing vessels that harness deep ocean wind to produce green hydrogen at sea and deliver it globally. It does this using a unique AI-enabled vessel routing system that enables the vessels to find and stay in optimum weather conditions.
Skin + Me offer personalised skincare treatments and a fully customised skin care routine through online dermatology consultations, eradicating the need for a trip to the dermatologist.
Swiipr is revolutionising the way airlines handle flight disruptions by simplifying the process of compensating passengers. Its platform automates payment verification and processing, streamlining a system designed specifically for airlines.
By providing passengers with virtual and physical prepaid cards, Swiipr ensures instant, flexible spending options, replacing outdated paper vouchers and slow payment methods.
To see more detail on how the VCT invests, including why they’ve chosen certain companies check the VCT prospectus.
Past performance
You can view the past performance data of this VCT on our factsheet. You’ll need to return to this page to place a deal. Past performance is not a guide to the future.
Costs and charges
| VCT manager initial charge: | 3% |
| HL saving on the initial charge: | 0% |
| Net initial charge: | 3% |
| Existing investor discount: | 1% |
| Ongoing charge: | 3.02% |
| Performance fee: | 20% |
Earlybird discount: 2% discount on applications received by 5pm on 13 March 2026. 1% discount on applications received by 5pm on 31st March 2026.
If you wish to sell your VCT, telephone rates of commission will apply (1%, minimum £20, maximum £50).
Existing investors must hold their VCT shares in an HL Fund and Share Account to qualify for the discount.
Other incidental charges for buying and selling investments may apply. Details on this are available in the prospectus and key information document.
Full breakdown of charges
The following charges are based on an investment of £10,000 within a Fund and Share Account over 5 years assuming a 5% growth rate. We’ve used the initial charge including the HL saving, but no further discounts like early bird or existing investor discounts have been applied. The annual rebate is also not included.
Holders should also get income from the VCT, on which there's no charge from HL and so isn't included in these figures. The income you’ll receive isn't guaranteed and you could get back less than you invest.
| Management charge | £0.00 |
| Entry dealing charge | £0.00 |
| Exit dealing charges | £50.00 |
| Stamp duty (N/A) | £0.00 |
| Net initial charge (3%) | £300.00 |
| Ongoing charge (3.02%) | £1,520.36 |
| Transaction costs | £0.00 |
| Incidental charges | £0.00 |
| Total charges over 5 years | £1,870.36 |
| Average annual charge | 3.69% |
| Illustrative 5-year value | £10,614.73 |
| Illustrative 5-year value with no charges applied | £12,762.82 |
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
| HL charges | £0.00 | £0.00 | £0.00 | £0.00 | £50.00 | £50.00 |
| Management charge | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Entry dealing charge | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Exit dealing charges | £0.00 | £0.00 | £0.00 | £0.00 | £50.00 | £50.00 |
| Investment charges | £592.67 | £298.28 | £303.99 | £309.81 | £315.61 | £1,820.36 |
| Stamp duty (N/A) | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Net initial charge (3%) | £300.00 | £0.00 | £0.00 | £0.00 | £0.00 | £300.00 |
| Net ongoing charge (3.02%) | £292.67 | £298.28 | £303.99 | £309.81 | £315.61 | £1,520.36 |
| Incidental charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Transaction costs | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Total charges over 5 years | £592.67 | £298.28 | £303.99 | £309.81 | £365.61 | £1,870.36 |
| Average annual charge | 6.05% | 2.99% | 2.99% | 2.99% | 3.46% | 3.69% |
| Illustrative 5 year value | £9,885.70 | £10,074.95 | £10,267.83 | £10,464.40 | £10,614.73 | £10,614.73 |
| Illustrative 5 year value with no charges applied | £10,500.00 | £11,025.00 | £11,576.25 | £12,155.06 | £12,762.82 | £12,762.82 |
Key documents
Make sure you’ve read these key documents. They cover in more detail the risks and investment strategy of this VCT.