Currently there are two Baronsmead VCTs each of which is a tax-efficient listed company which aims to achieve long-term investment returns for private investors. As at 31 December 2016, the combined net asset values of the two VCTs was approximately £338m.
The first Baronsmead VCT was established in November 1995 and was one of the first VCTs to be launched. There are currently three Baronsmead VCTs which each have similar investment objectives.
The Baronsmead VCTs are "generalist" VCTs aiming to invest primarily in unquoted and AIM-traded and other listed companies. They have a policy of co-investing with each other, enabling them to invest into larger transactions and often into more established unquoted and AIM-traded companies than other VCTs.
There is no guarantee that the investment objectives of each individual Baronsmead VCT will be attained. The value of a VCT depends on the performance of the underlying assets. Investors may get back less than originally invested, even taking the available tax reliefs into account. Investment in smaller companies which are unquoted, or traded on AIM or ISDX Markets, by its nature, involves a higher degree of risk than investment in larger companies.
Last updated: February 2017