The Future Generations VCT was launched in 2022 and aims to back businesses that have ‘the power to transform the world for the better’.

The VCT is managed by Simon King, who has over 10 years’ experience in the industry and is a partner in Octopus Ventures.

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It offers investors the opportunity to access a portfolio of early-stage companies which are aligned with three core investment themes. Namely, building a sustainable planet, empowering people and revitalising healthcare. The team invests the top 10-15 opportunities it identifies each year.

Octopus donates 10% of the annual management charge to Octopus Giving, its charitable foundation.

Since inception, the VCT has already raised more than £45m and invested in 25 companies across all three themes.

King said: “We live in a changing world. But we believe that a new world is possible – one where the most successful companies are a force for good. The entrepreneurs we back are reimagining how whole industries behave.

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“We’re backing teams who are eliminating carbon footprints, creating cancer vaccines, building the next phase of the internet and charting a greener approach to space travel, to name just a few.

“By 2030 it is the aim of Octopus to have invested £10bn into the industries that are bringing about a positive change in the world and we firmly believe that the Future Generations VCT will be at the forefront of this mission,” he added.