A Venture Capital Trust (VCT) is a type of investment trust that is listed on the London Stock Exchange in the United Kingdom. VCTs raise money from investors, which is then used to invest in unquoted companies, typically small and early-stage businesses that are considered higher-risk but have potential for high returns.

VCTs are designed to provide investors with the opportunity to invest in the high-growth potential of small and early-stage companies while also providing these companies with access to additional capital. They are tax-efficient investments, as they offer significant tax relief to investors. For example, Investors can claim 30% income tax relief on investments in VCTs, up to a maximum investment of £200,000 per tax year.

VCTs are considered to be high-risk investments and are not suitable for everyone. They are mainly focused on long-term capital growth, and the value of the shares can be highly volatile. VCTs are also illiquid and illiquid investments, meaning that it may be difficult to sell shares when the investor wants.

It's important for an investor to thoroughly research the VCT scheme before investing and consult with a financial advisor or tax professional. The scheme's details, prospectus and other information can be found on the VCT's webpage, or by contacting them directly.