Albion VCTs
London-listed VCT suite managed by Albion Capital; Britain's top-raising VCT manager in the 2025/26 record year.
Last refreshed: 22 April 2026 · Appears in 1 active topic
Will Albion VCTs keep raising at £90m pace after the tax-relief cut?
Timeline for Albion VCTs
Raised £90m in 2025/26 ahead of the tax relief cut
UK Startups and Innovation: VCTs hit £917.7m record, brace for 65% fall- How much did Albion VCTs raise in 2025/26?
- Albion VCTs raised £90m in 2025/26, the largest single-manager total in a record VCT fundraising year of £917.7m nationally.Source: Wealth Club
- What happens to Albion VCTs now the 30% tax relief has been cut to 20%?
- The last comparable cut, from 40% to 30% in 2006/07, caused a 65% fall in annual VCT fundraising that took sixteen years to recover. Albion, as the top-raising manager, faces the sharpest normalisation from its 2025/26 peak.Source: Wealth Club / Focaldata
- What kinds of companies do Albion VCTs invest in?
- Albion VCTs invest in qualifying small UK companies focused on technology, healthcare and environmental sectors, with a preference for businesses with recurring revenue.
- Are Albion VCTs listed on the London Stock Exchange?
- Yes, Albion VCTs are listed on the London Stock Exchange, enabling retail investors to access VCT tax benefits via a publicly traded vehicle.
Background
Albion VCTs raised £90m in 2025/26, the largest single-manager total in Britain's record VCT fundraising year of £917.7m (Wealth Club), driven by a retail rush before the income-tax-relief cut from 30% to 20% took effect on 6 April 2026. That positions Albion at the top of the VCT league table, ahead of British Smaller Companies VCTs and Octopus Apollo VCT, at precisely the moment the structural tailwind reverses.
Albion VCTs is a suite of Venture Capital Trusts managed by Albion Capital, investing in qualifying small UK companies principally across technology, healthcare and environmental sectors. The trusts are listed on the London Stock Exchange, giving retail investors the standard VCT tax benefits: 30% income tax relief (now 20%), tax-free dividends and capital gains exemption on disposal. Albion Capital's portfolio strategy emphasises businesses with recurring revenue and clear paths to profitability rather than purely pre-revenue bets.
The 65% collapse precedent from the 2006/07 relief cut, when annual VCT fundraising fell from roughly £800m and took sixteen years to recover, applies directly to Albion's fundraising model. A Focaldata survey shows 43.5% of current VCT investors intend to invest less and 41.6% say they will stop entirely after the cut. For a top-of-market manager, the 2025/26 peak is most likely a watermark rather than a base; the critical question is how quickly Albion's existing portfolio generates dividend cover to retain existing shareholders when new money slows.