VCTs provide a potential route to gaining exposure to the UK’s technology industry. While Britain has relatively few major tech companies competing with global leaders such as Google and Anthropic, its wider technology market is home to a growing range of ambitious businesses. Examples include Quantexa, specialising in data analytics and AI, Thought Machine, which develops cloud-based banking technology, and ManyPets, an innovative insurance technology business. These companies highlight the breadth of expertise and innovation emerging from the UK tech sector.
“VCTs were traditionally seen as a way to achieve tax efficiencies, but today they also offer the opportunity to support some of the UK’s most innovative technology companies,” says Will Fraser-Allen, managing partner at AlbionVC, which manages the Albion VCTs and has invested in Quantexa.