Praetura Growth VCT
Applications open
Earlybird deadline: 3pm 01 April 2026
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 Praetura Growth VCT
Praetura Investments supports innovative businesses in the north of England, focusing on companies with strong growth potential. This VCT targets businesses that have demonstrated market validation and are ready to scale. The companies are at various stages of their lifecycle and across a range of sectors including technology and healthcare.
Key facts
Started in April 2024.
Annual dividend target yield of 4-6%, commencing in 2027. Income is not guaranteed.
Invested in a portfolio of 10 companies.
Concentrated portfolio which can mean that the underlying companies contribute more to performance but this is a higher risk approach.
Raising £10mn with an over-allotment facility of a further £10mn.
Before applying you should 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.
VCT offer details
Open to UK investors located and resident in the UK.
Minimum application of £3,000, capped at a maximum of £200,000.
You must hold an HL Fund and Share Account to apply. You can open one during the application process. It’s free to hold VCT shares in this account.
Investors will qualify for a 0.35% rebate. This will be provided annually as bonus shares for 5 years.
The offer price will be established through the issue.
Shares are allocated in tranches by the VCT manager during the offer period. There may be a few weeks until your shares are allotted.
Applications can close early and at short notice, especially if there is strong demand.
Any application in this VCT should be made on the basis of the prospectus and any supplementary information issued by the VCT manager. The prospectus and supporting documents are provided by Praetura Investments. Hargreaves Lansdown has not authorised or approved them and is not responsible for their accuracy.
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 Praetura Growth VCT
A global leader in financial digital transformation for finance and treasury teams. Its platform automates business payments, collections and cash management through secure banking integration solutions, serving large corporates and financial institutions, including ITV, The AA and Sainsbury’s.
Seatfrog provides a platform for rail passengers to upgrade their ticket to first class or switch trains easily, enabling rail operators to increase margins on underutilised services.
Ocula leverages AI to automate and enhance e-commerce product pages, driving higher conversion rates for major retailers. The company’s flagship product, Ocula Boost, replaces manual SEO optimisation tasks and has shown strong results with clients like Boots and ASDA.
To see more detail on how the VCT invests, including why they’ve chosen certain companies, check the VCT prospectus and brochure.
Past Performance
You can view the past performance data of this VCT on our factsheet. You’ll need to return to this page to place a deal. Past performance is not a guide to the future.
Costs and charges
| VCT manager initial charge: | 5% |
| HL saving on the initial charge: | 2% |
| Net initial charge: | 3% |
| Ongoing charge: | 3.5% |
| Performance fee: | 20% |
Early bird discount: 2% discount to the initial charge for applications received by 3pm on 1 April 2026.
Existing investor discount: 1% to the initial charge for applications.
If you wish to sell your VCT, telephone rates of commission will apply (1%, minimum £20, maximum £50).
Existing investors must hold their VCT shares in an HL Fund and Share Account to qualify for the discount.
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) | £0.00 |
| Net initial charge (3%) | £300.00 |
| Ongoing charge (3.5%) | £1,737.86 |
| Transaction costs | £0.00 |
| Incidental charges | £0.00 |
| Total charges over 5 years | £2,087.86 |
| Average annual charge | 4.17% |
| Illustrative 5-year value | £10,368.42 |
| 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 | £637.74 | £342.60 | £347.53 | £352.53 | £357.46 | £2,037.86 |
| Stamp duty (N/A) | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Net initial charge (3%) | £300.00 | £0.00 | £0.00 | £0.00 | £0.00 | £300.00 |
| Ongoing charge (3.5%) | £337.74 | £342.60 | £347.53 | £352.53 | £357.46 | £1,737.86 |
| 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 | £637.74 | £342.60 | £347.53 | £352.53 | £407.46 | £2,087.86 |
| Average annual charge | 6.52% | 3.45% | 3.45% | 3.45% | 3.94% | 4.17% |
| Illustrative 5-year value | £9,839.61 | £9,981.22 | £10,124.88 | £10,270.60 | £10,368.42 | £10,368.42 |
| 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.