There is a limit on the number of full time equivalent employees that the company (the relevant company) in which the VCT is investing, can have at the time of investment. An employee includes a director, but not an employee on maternity or paternity leave, shared parental leave, parental bereavement leave, or a student on vocational training1.
| Circumstance | Limit |
| The relevant company is a single company | For shares issued on or after 18 November 2015 a relevant company which is a single company must have less than 250 full time equivalent employees at |
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