British Smaller Companies VCT2 plc is a United Kingdom-based venture capital trust (VCT). The Company's objective is to provide investors with a long-term tax free dividend yield whilst seeking to maintain and build the capital value of their investment and maintain the Company's status as a venture capital trust. It focuses on creating a portfolio with a mix of companies operating in traditional industries and those that offer opportunities in the development and application of innovation. It invests in the United Kingdom businesses across a range of sectors, including software, information technology (IT) and telecommunications, business services, manufacturing and industrial services, retail and brands, and healthcare, in VCT qualifying and non-qualifying securities. It invests in a range of securities, which includes ordinary and preference shares, and fixed income securities, such as corporate bonds and gilts. YFM Private Equity Limited is the investment advisor of the Company.