25-Oct-16

Launch of the new Triple Point VCT Offer

Triple Point is delighted to announce the launch of Triple Point’s 18 th VCT Offer; a subscription for new ‘E Ordinary Shares’ in the established Triple Point Income VCT plc.


Targeting Long Term Tax Free Income - The new E Share Class intends to provide regular tax free income and a return of capital over a ten to twelve year timeframe.

An investment under the Offer is intended to give investors exposure to a portfolio of small and medium-sized enterprises with robust business plans and strong asset bases which demonstrate a capacity for growth and cash generation. The investment focus is on the delivery of infrastructure and industrial support services, building on Triple Point’s extensive experience and track record.

Key Features        

  • Experience: Triple Point has invested over £345m into EIS and VCT qualifying investments, many of which have focused on the provision of infrastructure and related services.
  • Returns and tax free distributions : Target return is an IRR of 7% (including the upfront tax relief) from a combination of 5 pence p.a. dividends from year three onwards, and a return of capital in years ten to twelve.
  • Limited life: Targeting an exit in ten to twelve years, but with the possibility of an earlier partial return of capital if market conditions are favourable.
  • Tax benefits: 30% income tax relief available on the amount invested, with tax free dividends and no capital gains tax on disposal.
  • Raise Amount: The E Share Fund is seeking to raise up to £15 million with an over-allotment facility of a further £15 million subject to the Director's discretion.

Closing dates: 31 March 2017 for allotments in the 2016/17 tax year and 27 April 2017 for allotments in the 2017/18 tax year (unless fully subscribed earlier).

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