Fuel Ventures VCT
Applications closed
Important Information - Venture Capital Trusts (VCTs) invest in small, early-stage, unlisted companies and are considered high-risk investments. It’s difficult to access your money in the short term and their value can go down as well as up so you could get back less than you put in. VCTs are long-term investments and should only be a consideration for experienced investors with larger portfolios. We suggest they form a small part of a diversified portfolio. This isn’t personal advice, if you’re unsure if VCTs are right for you, please consider taking advice. Tax rules can change, and their benefits depend on your individual circumstances.
About Fuel Ventures VCT
Fuel Ventures is an active early-stage investor in technology in the UK, focusing on scalable companies across marketplaces, platforms, and software (SaaS). The VCT will focus on investing in the top performing companies, often co-investing with Fuel Ventures' existing EIS funds.
Key facts
Launched in December 2023.
Annual dividend target of 4p per share by 2027. But dividends are not guaranteed.
Raising £10mn with a £10mn over-allotment facility.
Currently holding 9 companies, meaning a concentrated portfolio. This can mean that underlying companies contribute more to performance but this is a higher risk approach.
The VCT is targeting a portfolio size of 30 companies within the first 3 years.
Full discount on the initial charge.
Read the prospectus and key information document. This contains helpful information about how the VCT works and is invested, but also will help you understand any further risks you should be aware of.
Ready to invest?
Make sure you’ve read these key documents. They cover in more detail the risks and investment strategy of this VCT.
Example companies held by Fuel Ventures VCT
Hotel Manager is the central technology interface that connects to a hotel's other systems, providing a great front-end experience for guests and staff. Via the platform, hotels are able to build their own digital experiences with simple user-friendly features. By connecting the guest and hotel user journeys, they are able to provide a seamless experience with minimal handoffs and easy integration via the Hotel Manager marketplace.
Materials Market operates a two-sided marketplace platform for building materials. Builder merchants connect directly with the supplier network by posting an enquiry or placing an order. Suppliers can access these enquiries and orders and choose which ones they want to engage with.
Consumers use Wollits high-impact money toolkits to build credit, grow savings and take control of their money. Wollit offers users a subscription to their product based on a loan agreement that is paid back over an annual contract. By paying the subscription, the user improves their credit score. Wollit then supplements this with open banking connections and financial education.
To see more detail on how the VCT invests, including why they’ve chosen certain companies, check the VCT prospectus and brochure.
Costs and charges
| VCT manager initial charge: | 5.5% |
| HL saving on the initial charge: | 5.5% |
| Net initial charge: | 0% |
| Ongoing charge: | 3.5% |
| Performance fee: | 20% |
The VCT manager can charge a performance fee based on past performance. Other incidental charges for buying and selling investments may apply. Details on this are available in the prospectus and key information document.
Full breakdown of charges
The following charges are based on an investment of £10,000 within a Fund and Share Account over 5 years assuming a 5% growth rate. We’ve used the initial charge including the HL saving, but no further discounts like early bird or existing investor discounts have been applied. The annual rebate is also not included.
Holders should also get income from the VCT, on which there's no charge from HL and so isn't included in these figures. The income you’ll receive isn't guaranteed and you could get back less than you invest.
| Management charge | £0.00 |
| Entry dealing charge | £0.00 |
| Exit dealing charges | £50.00 |
| Stamp duty (N/A) | £0 |
| Net initial charge (0%) | £0.00 |
| Ongoing charge (3.5%) | £1,791.62 |
| Transaction costs | £0.00 |
| Incidental charges | £0.00 |
| Transactional costs | £0.00 |
| Total charges over 5 years | £1,841.62 |
| Average annual charge | 3.55% |
| Illustrative 5-year value | £10,690.64 |
| Illustrative 5-year value with no charges applied | £12,762.82 |
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
| HL Charges | £0.00 | £0.00 | £0.00 | £0.00 | £50.00 | £50.00 |
| Management charge | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Entry dealing charge | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Exit dealing charge | £0.00 | £0.00 | £0.00 | £0.00 | £50.00 | £50.00 |
| Investment charges | £348.18 | £353.20 | £358.28 | £363.44 | £368.52 | £1,791.62 |
| Stamp duty (N/A) | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Net initial charge (0%) | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Ongoing charge (3.5%) | £348.18 | £353.20 | £358.28 | £363.44 | £368.52 | £1,791.62 |
| Transaction costs | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Incidental charges | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Total charges over 5 years | £348.18 | £353.20 | £358.28 | £363.44 | £418.52 | £1,841.62 |
| Average annual charge | 3.45% | 3.45% | 3.45% | 3.45% | 3.92% | 3.55% |
| Illustrative 5-year value | £10,143.92 | £10,289.92 | £10,438.02 | £10,588.24 | £10,690.64 | £10,690.64 |
| Illustrative 5-year value with no charges applied | £10,500.00 | £11,025.00 | £11,576.25 | £12,155.06 | £12,762.82 | £12,762.82 |
The costs and charges shown are for illustration purposes only based on the assumptions presented. Total HL charges and 5 year HL charges also include a £50 exit dealing charge. Figures may not add up to the given total due to rounding.
Key Documents
Make sure you’ve read these key documents. They cover in more detail the risks and investment strategy of this VCT.