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Calculus VCT

Calculus VCT

Now Open For Subscription

Next allotment: December 2022

What are VCTs?

VCTs were introduced in 1995 to encourage individuals to invest indirectly into small and growing UK trading companies, by offering a range of tax reliefs.

VCTs are listed on the London Stock Exchange. Investors are shareholders in a listed company overseen by an independent board and run by an investment manager, which in the case of Calculus VCT is Calculus Capital Ltd.

To qualify, at least 80% of a VCT’s investments must be in small, qualifying companies (with maximum gross assets of size £15 million) that are unquoted or traded on AIM.

Money raised from individual investors is used to acquire a number of different investments with the aim of spreading risk across the VCT portfolio. The Calculus VCT is targeting around 50 small UK companies across a diverse range of different sectors. The Calculus VCT provides immediate exposure to a diversified portfolio of entrepreneurial UK smaller companies with high growth potential. The additional funds will be used to provide development and scale-up capital to new investments with robust business models and to help drive growth in existing portfolio companies.

Calculus VCT – Key Features

  • Minimum Investment Amount – £5,000
  • Next allotment date – December 2022
  • Target dividend – 4.5% of NAV

Calculus VCT

Application

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CALCULUS VCT

Brochure

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CALCULUS VCT

Prospectus

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CALCULUS VCT

Key Information Document

Download

Tax reliefs

  • 30% income tax relief *
  • Capital gains on VCT shares are tax-free
  • Tax-free dividends **

* Shares have to be held for at least 5 years to benefit from Income Tax relief.

** It should be noted that there is no guarantee of dividend levels nor preservation of capital value.

Investment strategy

We invest in entrepreneurial businesses with growth potential, across the fastest growing sectors in the UK. The portfolio will be focused around the following:

Technology

The UK is Europe’s number one technology nation, with tech VC investment third in the world, only behind the USA and China. This is largely due to world-class universities, a flexible labour market and investor capital supported by schemes such as EIS.

This hotbed of entrepreneurial activity and innovation presents a strong investment opportunity.

Within technology we predominantly look for companies providing software as a service (SaaS) to an already established client base.

Healthcare

The UK is in a good position to continue as world leaders in healthcare companies. With top universities, government R&D spend, charitable support and our National Health Service which is a unique institution, the sector is thriving and making significant input into worldwide development.

Within the healthcare sector we will predominantly look for companies within diagnostics, pharmaceutical services and drug discovery.

Creative

The UK is a global force in creating content for the screen industries, with world-class infrastructure and talent. UK creative content companies have an established track record of producing award winning, commercially successful films and television shows watched by millions worldwide and are ideally placed to benefit from this growth in content expenditure.

Key risks

Please take the time to read through the Key Risks

Please click here to view our Calculus VCT Investor Information page for more information on AGM Results, annual reports and more.

Find out more

We would be delighted to answer any queries you have, please contact the Sales and Marketing team on 020 7493 4940. If you require a paper version of the application pack please contact the team [email protected]

Madeleine Ingram - Co-Head, Sales & Marketing – Calculus Capital

Madeleine Ingram

Co-Head, Sales & Marketing

Email Madeleine
Francesca Rayneau - Co-Head, Sales & Marketing – Calculus Capital

Francesca Rayneau

Co-Head, Sales & Marketing

Email Francesca
Matthew Moynes - Sales & Marketing – Calculus Capital

Matthew Moynes

Sales & Marketing

Email Matthew
Oliver Warren - Sales & Marketing – Calculus Capital

Oliver Warren

Sales & Marketing

Email Oliver
Frank Spurway - Sales & Marketing – Calculus Capital

Frank Spurway

Sales & Marketing

Email Frank

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Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

I have read and understood this important information

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

I have read and understood this important information