Three Albion VCTs will be open on 6 January 2025 for new investment with capacity of £50m and an additional £30m over-allotment facility.
Investors can acquire new shares through the Albion VCTs’ Prospectus Top-Up Offers 2024/2025.
This is a prospectus advertisement. Your capital may be at risk. You should read the comprehensive list of RISK FACTORS and other information in the PROSPECTUS below.
How it works
There is a minimum investment of £6,000 in aggregate per investor, with a minimum investment of £2,000 per VCT.
Investors may claim tax incentives on up to £200,000 invested in new VCT shares per tax year, subject to individual circumstances. Shares must be held for 5 years.
Should a VCT reach full capacity, the default option is that investment will be spread equally across the remaining open VCTs.
It is important that investors read and fully understand the key risks involved before deciding to invest.
Investors who subscribe for the first £10m in cleared funds will benefit from the “Early Bird” discounts.
Cleared funds must be received within 2 business days of the application.
Important Documents
Key Investment Documents (KIDs)
Key Investment Documents (KIDs)
Adviser Suitability Information
Adviser Suitability InformationFrequently Asked Questions
How do I apply for the Offers?
You can apply for the Albion VCT Prospectus Top Up Offers 2024/25 via the online application form above which will be available from 6 January 2025.
Please note that applications are processed on a first come first served basis
We strongly recommend seeking professional financial advice before investing.
What are the bank details for sending funds following submission of a completed application form?
The total amount subscribed should be remitted by bank transfer within two Business Days of submission of the application form. Cheques will not be accepted.
Payment should be made by bank transfer in the sole or joint name of the subscriber(s) to:
| Account Name | City-Albion VCTs Jnt Offers-Segregated |
| Sort Code | 80-22-60 |
| Account Number | 27429567 |
| Reference | Applicant’s initials and phone number |
Please note this is a different bank account to that used for previous Albion VCT offers.
Will I be notified once my application has been received?
Once the application has been completed and submitted, City Partnership will acknowledge receipt with a reminder for payment. Please note this is the only reminder the investor will receive for payment. Included in the acknowledgement email will be a tracking link so investors / financial advisers can track the status of the application. In order to login and use this system the investor or financial adviser will need:
- Application reference (given in the email notification of receipt)
- Date of birth
- National insurance or UTR number
Who should I contact if I have questions on the application form?
Please contact City Partnership on 01484 240 910 (Monday-Friday, 9 a.m.-5.30 p.m., excluding English public holidays) or at albionvcts@city.uk.com.
Will I receive notification once shares have been allotted?
City Partnership will issue allotment letters within 3 business days after the allotment of the New Shares to subscribers and their intermediary, if any, through City Partnership’s online tracking service.
When will share and income tax certificates be issued?
The Registrar, Computershare, will issue share and income tax certificates within approximately 30 business days after the allotment of the New Shares. These will be posted to Subscribers by either Computershare or the Manager.
These documents are important and should be kept in a safe place. Significant administration and other fees are likely to be charged for replacement share and tax certificates.
You can provide your CREST details if you would like any New Shares which are allotted to you to be credited to your CREST account.
What will happen if one of the VCTs I have applied for is full?
Investors can elect in their application form to have the funds returned or invested in the remaining VCTs that are still open.
Am I required to split my investment over all open VCTs?
No, investors can specify on the application form which VCTs they wish to invest in or to split the investment across all open VCTs.
If one of the VCTs is fully subscribed investors can choose to have their funds returned or invested in the VCTs which remain open.
What is the minimum subscription?
The minimum aggregate investment in the Offers is £6,000 and the minimum investment in each individual Offer selected is £2,000.
How much are you raising under the Offers?
The following table shows the maximum amount each Company may raise under the Offers:
| Amount to be raised under each offer | Over-allotment facility | |
| Albion Enterprise VCT | £10m | £10m |
| Albion Crown VCT | £20m | £10m |
| Albion Technology & General VCT | £20m | £10m |
Use of the over-allotment facility requires Board approval. There is no guarantee that this will be exercised.
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