Octopus Future Generations VCT
Supporting businesses that address the most significant challenges shaping the markets of the future.
Open for new investment
Octopus Future Generations VCT
Supporting businesses that address the most significant challenges shaping the markets of the future.
Open for new investment
Investing for what’s next
The world is changing fast. We believe some of the most exciting investment opportunities of the coming decades will come from ambitious companies helping to shape that future. Future Generations VCT aims to identify and back these businesses early, giving investors access to a different stage of the growth journey and the potential for attractive long-term returns.
Reasons to invest in Octopus Future Generations VCT
Future Generations VCT is entering its next exciting stage. While still the youngest VCT in the Octopus range, it is already showing the characteristics of a maturing venture portfolio, including two successful exits and its first special dividend. Backed by the scale and expertise of Octopus Ventures, one of Europe’s largest and most active venture capital investors, the VCT remains focused on identifying and supporting ambitious businesses at an earlier stage of growth.
Maturing early-stage portfolio
Now in its fourth year, the VCT holds 38 companies at different stages of their growth journey, offering exposure beyond ‘day one’ investments and increasing potential for future scale‑ups and growth potential.
Active management
We work with the companies we back to support their growth, whether that’s taking a seat on the board, helping them expand overseas or introducing them to industry experts.
Diversification
Through a VCT, investors gain access to unquoted smaller companies. Unquoted companies have a unique profile and can diversify an investment portfolio.
Tax reliefs
Income tax relief equal to 20% of the amount invested up to the first £200,000 of investment.
Tax-free capital gains and dividends.
Risks to bear in mind
Capital at risk
This is a high-risk investment. The value of an investment in Octopus Future Generations VCT, and any income from it, can fall as well as rise. Investors could end up getting back less than they put in.
Tax treatment
Tax treatment depends on individual circumstances and tax rules could change in the future.
Volatility and liquidity
VCT shares could fall or rise in value more than other shares listed on the main market of the London Stock Exchange. They may also be harder to sell.
VCT qualification status
Tax reliefs depend on the VCT maintaining its qualifying status.
Risks to bear in mind
Capital at risk
This is a high-risk investment. The value of an investment in Octopus Future Generations VCT, and any income from it, can fall as well as rise. Investors could end up getting back less than they put in.
Tax treatment
Tax treatment depends on individual circumstances and tax rules could change in the future.
Volatility and liquidity
VCT shares could fall or rise in value more than other shares listed on the main market of the London Stock Exchange. They may also be harder to sell.
VCT qualification status
Tax reliefs depend on the VCT maintaining its qualifying status.
Our investment framework
This VCT applies a clear investment framework to ensure we are supporting businesses that address the most significant challenges shaping the markets of the future.
Building a sustainable planet
Businesses under this theme might be reducing carbon emissions, protecting ecosystems or creating a circular economy that removes waste.
Empowering people
We want to empower people to create a fairer and more equitable society. So, we invest in businesses that are re-imagining the future of society.
Revitalising healthcare
Healthcare is essential. We want to back businesses moving health and wellbeing forward. That could mean investing in entrepreneurs who are improving lives through digital health solutions.
Octopus Future Generations VCT: four years on
Hear from Luke Edis, Lead Fund Manager of Octopus Future Generations VCT
Take a look at some of our portfolio companies
Voy
VOY is making personalised healthcare more accessible. Its digital platform combines clinical expertise, medication where appropriate, and lifestyle support to help people manage a range of health concerns, including weight management. By expanding access to specialist and preventative care, VOY aims to improve long-term health outcomes. More than 1.5 million people have used its services across multiple markets.
RemoFirst
RemoFirst is simplifying global hiring. Its platform enables businesses to hire, pay and support employees and contractors in more than 185 countries, removing the need to navigate local employment regulations, payroll systems and compliance requirements. This helps companies access talent worldwide while opening up opportunities for people across the global workforce.
Ufonia
Ufonia is transforming patient care through Dora, its clinically regulated AI voice assistant. By carrying out routine consultations by phone, the technology helps healthcare providers reduce pressure on clinical teams and improve access to care. Built specifically for healthcare settings, Dora enables clinicians to spend more time supporting patients with complex needs.
Fund highlights
Net Asset Value (NAV)
As at 31 December 2025
81.0p
Funds under management
As at 31 December 2025
£48m
Cumulative dividends paid
Since inception
5.6p
Number of holdings
As at 31 December 2025
38
Successful exits
One full, one partial
2
Fees and charges
If you are investing in Octopus Future Generations VCT through a financial adviser, you can ask for an initial advice charge for the investment1 to be paid on your behalf through the VCT. For other options on ways to invest, view page 27 of the brochure.
| Advised (initial only) | ||
| Upfront charges | Initial fee (to Octopus) | 3% |
| Adviser charges | Up to 4.5% | |
| Ongoing annual charges | Effective annual management charge (to Octopus) | 2% |
| Non-investment services fee (to Octopus) | 0.3% | |
| Performance fees 2 | 20% |
Fees and charges
For Octopus Future Generations VCT, we’re able to facilitate an initial advice charge for the investment1. This can be paid on your client’s behalf through the VCT.
| Advised (initial only) | ||
| Upfront charges | Initial fee (to Octopus) | 3% |
| Adviser charges | Up to 4.5% | |
| Ongoing annual charges | Effective annual management charge (to Octopus) | 2% |
| Non-investment services fee (to Octopus) | 0.3% | |
| Performance fees 2 | 20% |
Please note that any initial advice charges you pay to your adviser will not be eligible for income tax relief.
1 Please note the VCT is unable to facilitate ongoing adviser charges.
2 We want our investments to do what we say they will and we want to align ourselves with the long term investment objectives of shareholders. A way in which we do this is by applying a performance fee on the gains made. In order for Octopus to receive this performance fee we must meet two conditions. Firstly, the VCT’s Total Return (NAV plus cumulative dividends paid) at the previous year-end must exceed 120p and secondly shareholders must have received cumulative dividends of a minimum of 10p. If all of these conditions are met, then 20% of the excess above the starting NAV of 97p will be paid to Octopus. For full details on the performance fee and other fees please see the prospectus and Key Information Document (KID). Any performance fee will be paid in three tranches, over three years and may be recalculated or partially cancelled if the total return decreases in the second or third year.
Please note that any initial advice charges your client pays you will not be eligible for income tax relief.
1 Ongoing adviser charges or commission are paid for a maximum of five years after the investment date. If your client chooses to pay less than the maximum amount shown in the table, Octopus Future Generations VCT will use the money left over to buy more VCT shares for them. Similarly, if you’re an execution only intermediary and do not take any upfront commission, this amount will instead be used to buy additional VCT shares for your client.
2 Octopus may charge a 20% performance fee if the VCT’s Total Return (NAV plus cumulative dividends paid) at the previous year-end exceeds 120p and shareholders have received at least 10p in cumulative dividends. The fee applies to returns above the starting NAV of 97p. Full details are available in the prospectus and Key Information Document (KID). Any performance fee will be paid in three tranches, over three years and may be recalculated or partially cancelled if the total return decreases in the second or third year.
Key documents
| Octopus Future Generations VCT Prospectus | Download |
| Octopus Future Generations VCT Supplementary Prospectus | Download |
| Octopus Future Generations VCT Brochure | Download |
| Octopus Future Generations VCT Product Overview | Download |
| Octopus Future Generations VCT Key Information Document | Download |
| Octopus Future Generations VCT Responsible Investment Policy | Download |
| Sustainability Disclosure Requirement (SDR) Disclosure Statement | Download |
| Octopus Future Generations VCT Sustainability Disclosure Requirement | Download |
How to invest
Minimum investment is £3,000.
Clients can choose to invest via bank transfer, cheque or banker’s draft.
Clients can only claim tax relief on VCT investments of up to £200,000 in any single tax year.
We will allot clients’ VCT shares at the next available allotment date.
How to invest
Minimum investment is £3,000.
You can choose to invest via bank transfer, cheque or banker’s draft.
You can only claim tax relief on VCT investments of up to £200,000 in any single tax year.
We will allot your VCT shares at the next available allotment date.
Contact our team
Get in touch
If you have a question about Octopus Future Generations VCT or an application,
call us on 0800 316 2295.
Read our FAQs
If you have a question about an existing VCT, please visit our FAQ page.
Contact our team
Get in touch
If you’ve got a question about any of our products or services, please get in touch.
Read our FAQs
If you have a question about an existing VCT, please visit our FAQ page.
Please read: We do not offer investment or tax advice, and we always recommend investors talk to a financial adviser before making investment decisions. This advertisement is not a prospectus. Investors should only subscribe for shares on the basis of information contained in the prospectus and the Key Information Documents (KID), which are available in the document section of this page.
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Octopus Future Generations VCT FAQs
What types of clients might the Octopus Future Generations VCT be suitable for?
This VCT is designed for clients comfortable with higher-risk, illiquid investments and who can commit capital for at least five years. It may be suitable for individuals who have already made use of their ISA and pension allowances, who have a significant income tax liability they wish to reduce, and who are interested in supporting innovative businesses tackling global challenges.
Can Octopus Future Generations VCT shares be sold at any time?
Future Generations VCT shares are listed on the London Stock Exchange, so in principle, they can be sold at any time. However, trading volumes are typically low, and clients may not always be able to find a buyer. It’s the intention of the VCT Board to offer a share buyback facility for investors, although this is not guaranteed.
This would allow existing Future Generations VCT investors to sell their shares back to the VCT, and it is the Board’s intention, where appropriate, to buy back shares at a discount of up to 5% latest published NAV per share. Share buybacks are conducted at the Board’s discretion; therefore, there can be no guarantees that shares will always be sold on request.
What fees apply when investing in Octopus Future Generations VCT?
Charges include an initial fee, ongoing management charges, and the potential for a performance fee if the VCT achieves certain return targets. Full details of costs and charges are provided in the prospectus, and advisers should make sure clients understand the impact of fees on potential returns.
What resources does Octopus provide to help advisers explain future generations' VCTs to clients?
Octopus offers a range of support materials, including prospectuses, key information documents, and client-friendly brochures. Advisers also have access to regular investor updates, portfolios, and case studies that highlight the impact of the investments. In addition, dedicated business development managers and adviser support teams are available to help with suitability discussions and client presentations.
What is Octopus Future Generations VCT’s investment focus and strategy?
The VCT invests in ambitious early-stage UK businesses developing innovative solutions to some of society’s most significant challenges, with a focus on building a diversified portfolio capable of delivering attractive long-term returns. The portfolio is managed by a dedicated investment team and supported by the wider Octopus Ventures platform.
What tax reliefs are available for investments in Octopus Future Generations VCT?
Investors can claim up to 20% income tax relief on investments of up to £200,000 per tax year, provided shares are held for at least five years. Dividends are paid free of income tax, and any gains on disposal of VCT shares are exempt from capital gains tax. Tax treatment depends on individual circumstances and is subject to change, so advisers should ensure clients take professional tax advice before investing.