Early-stage investor Fuel Ventures has announced that its Venture Capital Trust (VCT) offering is now available through Hargreaves Lansdown鈥檚 online VCT investment service.
Since its initial launch in December 2023, Fuel Ventures’ VCT has quickly established itself as a leading option for investors, raising 拢10.2m – the largest initial fundraise by any new entrant to the VCT market at that time.聽
To date, the fund has successfully invested in nine innovative and fast-growing businesses, including hospitality tech platform Hotel Manager; property and land analytics solution SearchLand; and FundPath – an advanced platform revolutionising fund distribution networks.
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鈥淲e’re excited to partner with Hargreaves Lansdown to enhance investor access to our VCT,鈥� said Stan Williams, partner at Fuel Ventures.
鈥淭he launch of our second offering on their platform enables more investors to benefit from our carefully curated portfolio of innovative UK companies.
鈥淭he timing of the launch will be particularly interesting for high-net worth investors looking to invest between 拢10,000 and 拢200,000 before the tax year end deadline on 1st April 2025.鈥�
The partnership comes as interest in VCTs continues to grow, driven by their potential for tax-efficient investing.聽
Investors can benefit from up to 30% income tax relief on investments of up to 拢200,000 per year, provided the shares are held for at least five years.
With this new offering on the Hargreaves Lansdown platform, the London-based firm aims to broaden access to exciting venture capital opportunities, supporting the growth of dynamic UK businesses and offering attractive diversification for investors.
Listed on the London Stock Exchange, Hargreaves Lansdown currently has a market cap of a whopping 拢5.24bn.