The investment manager, Triple Point, has extended its Early Bird discount on the Triple Point Venture VCT to 31 December 2023.
This comes as the initial offer has reached 50% capacity, suggesting VCTs will be in strong demand this tax season.
This follows from the positive announcement in the Autumn Statement that the sunset clause on VCTs will be extended to 2035, removing uncertainty for investors of the previous 2025 deadline.
The Early Bird discount offers a 1% reduction on the initial fee for all completed applications received before 31 December 2023.
In its sixth year, the Triple Point Venture VCT gives investors access to a diversified portfolio of more than 45 B2B startups across 20 different sectors.
To read more on this topic, visit: Tax-efficient investing – a calendar for advisers
Seb Wallace investment director at Triple Point, said: “By extending the sunset clause on VCTs the UK has seized the opportunity to cement its position as Europe’s incubator of innovation and entrepreneurship, ensuring it continues to be a beacon for aspiring entrepreneurs, and remains at the forefront of global innovation, for years to come.”
Diana French retail strategy director, added: “Financial advisers are increasingly valuing VCTs for their diverse range of products with proven track records, a greater variety than ever before. This is particularly true for VCTs focused on early-stage B2B investing, which are garnering significant interest.
“One key reason is Beauhurst’s research, showing B2B exits have doubled those of B2C in the past decade. This trend, alongside the variety and success of VCTs, aligns well with the evolving strategies of advisers, meeting the varied needs of UK investors.”
