British Smaller Companies VCT plc is a venture capital trust (VCT). The principal activity of the Company is making long term equity and loan investments, mainly in unquoted businesses. The Company's objective is to provide investors with long-term tax free dividend yield while seeking to maintain the capital value of their investment, and maintain the Company's status as a venture capital trust. The Company invests in the United Kingdom businesses across a range of sectors, including software, information technology and telecommunications, business services, manufacturing and industrial services, retail and brands, and healthcare. The Company invests in a range of VCT qualifying securities, which may include ordinary and preference shares and fixed income securities, such as corporate bonds and gilts. The Company's investment advisor is YFM Private Equity Limited. YFM Private Equity Limited is a subsidiary of YFM Equity Partners LLP.