Following the successful launch of the Ingenious Entertainment VCTs in November 2007, Ingenious Entertainment VCT 1 & 2 C-Share closed at the end of July 2009 and over £25m has now been raised. The Ingenious VCT’s continues to be the largest specialist fund in the media sector.
The Ingenious Entertainment VCTs invest in the entertainment sector targeting concerts, festivals, conferences, trade fairs, exhibitions, sporting events and theatre and other entertainment based content. The investment comes at a time when there is significant growth in the UK live events market as household spending continues to increase in this sector.
The twin structure of the Ingenious Entertainment VCTs gives greater flexibility in allowing for co-investment of up to £2 million in any one investee company.
Ingenious Entertainment VCT 1&2 is currently making a number of investments in the live events sector.
Ingenious Entertainment VCT 1 plc
| Date | 30 June 2010 |
| Current NAV | 87.5p |
| Income Tax Relief | 30% |
| Cumulative Dividends Paid | 5p |
Ingenious Entertainment VCT 2 plc
| Date | 30 June 2010 |
| Current NAV | 87.5p |
| Income Tax Relief | 30% |
| Cumulative Dividends Paid | 5p |