Overview
Description
ProVen Growth & Income VCT plc is a Venture Capital Trust focused on providing capital and growth opportunities to early-stage UK companies. This trust is designed to offer investors exposure to a portfolio of rapidly growing businesses with the potential for significant capital appreciation. The primary function of ProVen Growth & Income VCT is to invest in companies with innovative business models and a high potential for revenue and profit growth, typically in sectors such as technology, healthcare, and consumer goods.
Notably, venture capital trusts like ProVen play an essential role in the financial market by providing vital funding and expertise to small and medium-sized enterprises that might otherwise struggle to access traditional bank loans or public equity markets. With a focus on high-growth potential sectors, ProVen Growth & Income VCT not only facilitates entrepreneurial activity but also contributes significantly to economic development by supporting job creation and technological advancement in the UK. By integrating tax incentives for investors, this trust encourages funding into areas that can drive forward innovation and offer transformative market solutions.
About
Instrument type
Common stock
Sector
Financial Services
Industry
Asset Management
Country
United Kingdom
MIC code
XLON