Tech-Enabled Firms
The Spring VCT invests in new tech-enabled firms with a strong focus on research, development and innovation. Blackfinch target firms at growth stage that have already raised funding, gained traction and are seeking to accelerate their progress. Blackfinch aim for diversification, and broad opportunities.
Return Targets
Blackfinch are targeting firms offering the potential for higher returns at exit. They need to show they have revenue and customers, and are capable of disrupting large, growing markets.
The Blackfinch Spring VCT is targeting dividends of 5% of net asset value p.a., along with ‘special dividends’ from the proceeds of successful exits that are not reinvested or required elsewhere by the Company.
Tax Benefits
The tax benefits are up to 30% Income Tax relief (minimum holding period five years), Gains exempt from Capital Gains Tax (CGT) when investors sell shares, no Income Tax on dividends.
Discounts
Applications received by 5pm on 27 January 2025 have a 1.5% discount, with a 1% discount on applications received by 5pm on 3 April 2025.
Existing Blackfinch Investors will benefit from an enhanced rate of discount in the amount of an additional 1% discount. This discount can be used on top of the early bird discounts and is also available throughout the entire year, no end date.
Capital at risk.
Find out more about the Blackfinch Spring VCT on our Open Offers page.
