We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Available VCT offers

These are the current offers available. More may be added in future as and when they are available.

We offer this service to allow clients to invest in VCTs that we can make available, but we haven’t selected them on the basis of independent research. These aren’t personal recommendations, if you’re unsure if a VCT is right for you, please take personal financial advice. All investments and any income from them, fall as well as rise in value, so you could get back less than you invest.

Each VCT issues a prospectus at launch which gives details of specific risks and conditions. It should be read thoroughly before considering an investment.

Minimum investment £10,000

  • Initial charge before discount
    The initial charge applied by the VCT provider before any discounts are applied.

    5.5%

  • Discount via HL
    The discount HL offers to its clients.

    3%

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

    2.5%

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

    5%

Blackfinch Spring VCT invests in young companies at the growth stage of development. They look for companies that have already raised funding, gained traction and aim to accelerate the scale-up process. They focus on companies across many industries using the Internet, mobile devices and social media to offer their customers better products and services.

Apply for VCT

  • Inital charge before discount
    The initial charge applied by the VCT provider before any discounts are applied.

    5%

  • Discount via HL
    The discount HL offers to its clients.

    2%

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

    3%

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

    5%

Calculus VCT invests in entrepreneurial business with growth potential across technology, healthcare and entertainment sectors. It looks for scalable companies with developed market traction with defensible intellectual property.

Apply for VCT

  • Inital charge before discount
    The initial charge applied by the VCT provider before any discounts are applied.

    5.5%

  • Discount via HL
    The discount HL offers to its clients.

    5.5%

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

    0%

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

    4p per share by 2027

Fuel Ventures is an active early-stage investor in technology in the UK, focusing on scalable companies across marketplaces, platforms, and software (SaaS). The VCT will focus on investing in the top performing companies, often co-investing with Fuel Ventures existing EIS funds.

Apply for VCT

  • Initial charge before discount
    The initial charge applied by the VCT provider before any discounts are applied.

    2.5%

  • Discount via HL
    The discount HL offers to its clients.

    0%

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

    2.5%

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

    5%

Oberon AIM VCT is a strategic relaunch of the New Century AIM VCT 2, aimed at rejuvenating and repositioning the trust to enhance its appeal as a tax-efficient investment vehicle, focused on AIM-listed shares. The manager believes that although there’s been an extended period of underperformance in small-cap and AIM markets which has been challenging, history suggests they could now be on the brink of a market rebound.

Apply for VCT

  • Initial charge before discount
    The initial charge applied by the VCT provider before any discounts are applied.

    3%

  • Discount via HL
    The discount HL offers to its clients.

    1%

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

    2%

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

    4-6%

Praetura Investments supports innovative businesses in the north of England, focusing on companies with strong growth potential. This VCT targets businesses that have demonstrated market validation and are ready to scale.

Apply for VCT

  • Initial charge before discount
    The initial charge applied by the VCT provider before any discounts are applied.

    5.5%

  • Discount via HL
    The discount HL offers to its clients.

    2.5%

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

    3%

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

    5%

One of the UK's largest and longest-standing VCTs, ProVen VCT aims to deliver returns for shareholders by backing UK entrepreneurs to build innovative growth companies.

Apply for VCT

  • Initial charge before discount
    The initial charge applied by the VCT provider before any discounts are applied.

    5.5%

  • Discount via HL
    The discount HL offers to its clients.

    2.5%

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

    3%

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

    5%

Managed by Beringea since its inception, ProVen Growth and Income VCT seeks to deliver returns by investing in growing companies that can scale successfully through to exit.

Apply for VCT

  • Initial charge before discount
    The initial charge applied by the VCT provider before any discounts are applied.

    3%

  • Discount via HL
    The discount HL offers to its clients.

    0%

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

    3%

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

    5p per share

Puma AIM VCT, Puma’s newest VCT, aims to provide returns by investing in established companies traded on the Alternative Investment Market (AIM). It will focus on stable returns from companies with growth potential, avoiding the volatility of start ups.

Early bird discount: 2% discount to the initial charge for applications received by 30 June. 1% discount to initial charge thereafter.

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

Apply for VCT

  • Initial charge before discount
    The initial charge applied by the VCT provider before any discounts are applied.

    3%

  • Discount via HL
    The discount HL offers to its clients.

    0%

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

    3%

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

    5p per share

Puma Alpha VCT, Puma’s 14th VCT, launched in 2019 and is designed to deliver returns by investing in companies that have successfully transitioned from 'start-up' to 'scale-up'

Early bird discount: 1% discount to the initial charge for applications received prior to 5pm on 31 May 2025.

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

Apply for VCT


  • Initial charge before discount

    5.5%

  • Discount via HL

    3%

  • Net initial charge

    2.5%

  • Target dividend

    5%

Blackfinch Spring VCT invests in young companies at the growth stage of development. They look for companies that have already raised funding, gained traction and aim to accelerate the scale-up process. They focus on companies across many industries using the Internet, mobile devices and social media to offer their customers better products and services.

Apply for VCT



  • Inital charge before discount
    5%

  • Discount via HL

    2%

  • Net initial charge

    3%

  • Target dividend

    5%

Calculus VCT invests in entrepreneurial business with growth potential across technology, healthcare and entertainment sectors. It looks for scalable companies with developed market traction with defensible intellectual property.

Apply for VCT



  • Initial charge before discount
    5.5%

  • Discount via HL

    5.5%

  • Net initial charge

    0%

  • Target dividend

    4p per share by 2027

Fuel Ventures is an active early-stage investor in technology in the UK, focusing on scalable companies across marketplaces, platforms, and software (SaaS). The VCT will focus on investing in the top performing companies, often co-investing with Fuel Ventures existing EIS funds.

Apply for VCT



  • Initial charge before discount
    2.5%

  • Discount via HL

    0%

  • Net initial charge

    2.5%

  • Target dividend

    5%

Oberon AIM VCT is a strategic relaunch of the New Century AIM VCT 2, aimed at rejuvenating and repositioning the trust to enhance its appeal as a tax-efficient investment vehicle, focused on AIM-listed shares. The manager believes that although there’s been an extended period of underperformance in small-cap and AIM markets which has been challenging, history suggests they could now be on the brink of a market rebound.

Apply for VCT



  • Initial charge before discount

    3%

  • Discount via HL

    1%

  • Net initial charge

    2%

  • Target dividend

    4-6%

Praetura Investments supports innovative businesses in the north of England, focusing on companies with strong growth potential. This VCT targets businesses that have demonstrated market validation and are ready to scale.

Apply for VCT


  • Initial charge before discount
    5.5%

  • Discount via HL

    2.5%

  • Net initial charge

    3%

  • Target dividend

    5%

One of the UK's largest and longest-standing VCTs, ProVen VCT aims to deliver returns for shareholders by backing UK entrepreneurs to build innovative growth companies.

Apply for VCT


  • Initial charge before discount

    5.5%

  • Discount via HL

    2.5%

  • Net initial charge

    3%

  • Target dividend

    5%

Managed by Beringea since its inception, ProVen Growth and Income VCT seeks to deliver returns by investing in growing cmpanies that scale successfully through to exit.

Apply for VCT



  • Initial charge before discount
    3%

  • Discount via HL

    0%

  • Net initial charge

    3%

  • Target dividend

    5p per share

Puma AIM VCT, Puma’s newest VCT, aims to provide returns by investing in established companies traded on the Alternative Investment Market (AIM). It will focus on stable returns from companies with growth potential, avoiding the volatility of start ups.

Early bird discount: 2% discount to the initial charge for applications received by 30 June. 1% discount to initial charge thereafter.

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

Apply for VCT



  • Initial charge before discount
    3%

  • Discount via HL

    0%

  • Net initial charge

    3%

  • Target dividend

    5p per share

Puma Alpha VCT, Puma’s 14th VCT, launched in 2019 and is designed to deliver returns by investing in companies that have successfully transitioned from 'start-up' to 'scale-up'

Early bird discount: 1% discount to the initial charge for applications received prior to 5pm on 31 May 2025.

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

Apply for VCT