Ingenious Live VCTs' Share offers closed at the end of July 2007, raising over £18 million to invest in the live entertainment sector. It was one of the largest specialist VCT funds in the 2006/7 tax year.
The Ingenious Live VCTs invested in the live events sector targeting concerts, festivals, trade fairs, exhibitions, sporting events and theatrical productions seeking to take advantage of the significant growth driven by the continuing increase in household spending in this sector.
The twin structure of the Ingenious Live VCTs provides greater flexibility by allowing co-investment of up to £2 million in any one investee company. The Ingenious Live VCTs are now closed, having fully invested their funds.