Investec Wealth & Investment manages Rensburg Aim VCT plc, a venture capital trust that invests in the Alternative Investment Market (AIM).
Rensburg Aim VCT plc provides its shareholders with potentially valuable tax breaks, including the ability to offset 40% of their cost against income tax and tax free dividends (in respect of the 2004/2005 and 2005/2006 tax years only) and 30% for 2006/2007 onwards.
The Venture Capital Trust's management team has many years' experience of investing in unquoted companies. Before making an investment, the team must obtain approval from the VCT Board of Directors, which mainly comprises independent, experienced business and professionally qualified members. After a potential investment has been analysed, agreed and completed, the team maintains regular contact with the management of the investee company, helping to achieve growth targets and the VCT's eventual exit.