Fundraising

Open Date

23 September 2026

Application Submission Available

30 September 2026

Offers Close (Unless fully subscribed)

25 March 2027

Fundraising Now Open

The Prospectus is now available to view in respect of the £60 million joint offers by British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (the “Offers”). The application form and online applications will be available from 9.00 a.m. on 30 September 2026.

These two established VCTs are initially raising up to £40 million, with an over-allotment facility of £20 million. The Offers are open to both existing shareholders and new investors for the current 2026/27 tax year, with an early bird offer of 0.125% on the first [£25] million raised. In addition, cleared funds awaiting allotment will receive additional shares equivalent to a [x.xx]% per annum return*. See below for details of how to apply and links to the Investor Guide and Offer documents.

* Rate is provided by the receiving agent’s banking provider and is subject to change

All relevant information is available and can be accessed from this page.

Important Information

Open Date

23 September 2026

Application Submission available

30 September 2026

Offer Size

£40m

Over Allotment

£20m

Offers Close

xx March 2027 (Unless fully subscribed)

Allotment January 2026

For the first £25m

Allotment April 2026

Applications and monies received after the first £25m has been received

The offers

The Prospectus is now available to view in respect of the joint offers by British Smaller Companies VCT plc and British Smaller Companies VCT2 plc (the “Offers”).

The Offers are open to both existing shareholders and new investors for the current 2026/27 tax year.

There is an early bird offer of 0.125% on the first £25 million raised. In addition, cleared funds awaiting allotment will receive additional shares equivalent to a x.xx% per annum per annum return*. See below for details of how to apply and links to the Investor Guide and Offer documents.

* Rate is provided by the receiving agent’s banking provider and is subject to change

British Smaller companies VCTs fundriaisng for 2025 with front cover of VCT accounts

Want to understand the British Smaller Companies VCTs?

In this Wealth Club interview, Tom Phillips, YFM’s Investor Relations Director, explains how the British Smaller Companies VCTs invest in UK scale-up businesses, the types of companies backed, and how YFM’s team and regional network support the portfolio. He highlights recent investments and exits, discusses the higher-risk nature of VCTs, and sets out the key points advisers and investors may want to consider when assessing the British Smaller Companies VCTs.

Documents

Fundraising Documents for 2025/26 now available

Supplementary Prospectus

Key features

For full details of the Offer terms, please refer to the Prospectus. Please note that new VCT shares should be held for a minimum of five years in order to retain the upfront income tax relief.

Offer Size

£60 million total, £40m with a £20m over-allotment facility

Minimum Subscription

£6,000 across both VCTs

Application Closing Date

xx xxxx 2027, including cleared funds (or earlier if fully subscribed)

Allotment Dates

First allotment of up to £25 million in January 2026, with second and final allotment between 1-5 April 2027

Please note applications and monies received after the first £25 million will be allotted between 1 – 5 April 2026. Monies will be held in an interest bearing account during this time, accruing x.xx% per annum interest (subject to bank change).

Early Bird Offer

0.125% for the first £25 million

Costs of the offers

3.0% Advised, 3.5% Direct, 5.0% Execution Only – please refer to the Prospectus for full details of the offers, including costs

OUR VCTs PORTFOLIO

Software tools for enterprise customers for the extraction and cloud storage of high volumes of data.

An online market-place to generate new customer leads for financial advisers in the UK and USA.

SaaS platform providing test-automation tools for ServiceNow

Background research on individuals and companies using automated AI software tools, for reputation and compliance purposes.

AI-driven SaaS provider that helps water utilities detect blockages, prevent flooding, and reduce pollution through smart wastewater management solutions.

Electric Vehicle (“EV”) charge point software, remotely manages EV chargepoints and payments

DynaRisk is a cyber intelligence SaaS company helping insurers protect their consumer and SME policyholders from digital threats.

S4labour is a workforce management platform purpose-built for the hospitality sector

Where can I find the online Application Form

LINK HERE

Who can I contact for general enquiries

Please contact YFM for general enquiries: Tracey Nice 0113 208 2646 or email bscfunds@yfmep.com

Who can I speak to about my current Application

Please contact YFM if you have any questions about your current Application: Tracey Nice 0113 208 2646 or email bscfunds@yfmep.com

When will my shares be allotted

If you submitted your application and monies within the first £25 million then your shares will be allotted in January 2027. For any applications and monies received after that date will be allotted between 1 – 5 April 2027. Monies will be held in an interest bearing account during this time, accruing x.xx% per annum interest (subject to bank change).

When will the Income Tax Relief Certificates be issued

Income Tax Relief Certificates be issued within 10 business days of the allotments. These can be accessed from both investor portal and the tracking system

When will I receive my Share Certificate(s)

The Share Certificates will be posted out within 10 business days of each allotment

For further information

For further information on British Smaller Companies VCTs, please contact:

Tracey Nice

0113 208 2646

bscfunds@yfmep.com

Fundraising

Fundraising Now Open

Important Information

The offers

Want to understand the British Smaller Companies VCTs?

Documents

Key features

Offer Size

Minimum Subscription

Application Closing Date

Allotment Dates

Early Bird Offer

Costs of the offers

OUR VCTs PORTFOLIO

FAQS

For further information