Downing ONE VCT plc is a venture capital trust (VCT). The Company's principal investment objectives are to provide private investors with attractive returns for a portfolio of investments focused on unquoted and alternative investment market (AIM) quoted companies, and to maintain VCT status so that the Company and its shareholders may benefit from the tax reliefs and exemptions available under the VCT legislation. The Company intends to maintain a minimum of 70% of its funds invested in VCT qualifying investments, with the balance held in non-qualifying investments. It invests in various sectors, including leisure, alternative energy, software and computer services, support services, healthcare services, construction, hotels, food producers, property development and other. Downing LLP is the investment advisor of the Company.