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Proven Growth and Income VCT ( (GB:PGOO) ) just unveiled an update.
ProVen VCT plc and ProVen Growth and Income VCT plc are UK venture capital trusts managed by Beringea LLP, investing in growth-oriented smaller companies and offering investors tax-efficient exposure to unquoted and AIM-quoted businesses. Operating as complementary vehicles, they focus on early-stage and expanding enterprises across diverse sectors, aiming to deliver a mix of capital growth and income while supporting the UK’s entrepreneurial ecosystem.
The boards of both ProVen VCTs plan to use their over-allotment facilities to increase the size of their current share offers, lifting the potential funds raised to up to £20 million for each company. This move reflects strong investor demand and ensures additional capacity for subscriptions ahead of the closing dates spanning the 2025/26 and 2026/27 tax years, bolstering the trusts’ firepower to back new and existing portfolio companies and potentially reinforcing their position in the competitive UK VCT market.
More about Proven Growth and Income VCT
ProVen Growth and Income VCT plc is a UK-listed venture capital trust that invests in a diversified portfolio of growth-focused, unquoted and AIM-quoted companies, offering investors exposure to early-stage and expanding businesses with associated tax advantages. It is managed by Beringea LLP, which specialises in backing innovative, high-growth firms across a range of sectors in the UK market.
ProVen VCT plc operates alongside ProVen Growth and Income VCT plc as a sister venture capital trust, also targeting investments in small and medium-sized UK companies with strong growth potential. Both trusts focus on delivering long-term capital appreciation and income to investors through tax-efficient structures, supporting entrepreneurial businesses while providing diversification benefits.
Together, the ProVen VCTs position themselves as established players in the UK VCT sector, appealing to investors seeking exposure to higher-risk, growth-stage companies in exchange for potential tax reliefs. By raising fresh capital periodically via share offers, they maintain the capacity to deploy new funds into their investment pipelines and support existing portfolio companies.
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