Hargreaves Lansdown (HL) has added three new VCT managers to its platform as it continues to invest in expanding the products available to clients.
Gresham House, Molten Ventures and Canaccord Genuity have been added to the Venture Capital Trust (VCT) service with six new VCTs being made available on the HL Platform this month:
- Baronsmead Venture Trust
- Baronsmead Second Venture Trust
- Gresham House Income & Growth VCT
- Gresham House Income & Growth 2 VCT
- Molten Ventures VCT
- Hargreave Hale AIM VCT
HL now offers 13 VCT managers on its digital platform and has raised money for 22 VCTs during the 2025/26 tax year. Clients investing through HL can benefit from a full refund of any commission payable through up to 0.65% in additional bonus shares each year and discounted initial fees. The £29 dealing fee has also been waived until the end of the tax year.
Emma Wall, chief investment strategist at Hargreaves Lansdown, said: “Private markets offer investors differentiated returns versus public markets and can offer a premium to yields and returns found in more liquid assets.
“VCTs are a key tool for clients looking to access early-stage companies, support British innovation and growth, all while maximising their tax allowances, and the change to VCT tax relief means for those clients for whom these are suitable products, there has never been a better time to act.
“VCT income tax relief is set to reduce from 30% to 20% at the end of the current tax year. The deadline to invest this tax year will vary between VCTs, so clients should check the deadline for each VCT individually.”
