Baronsmead Venture Trust plc, formerly Baronsmead VCT 2 PLC, is a United Kingdom-based externally managed venture capital trust. The Company's investment objective is to achieve long-term investment returns for private investors, including tax free dividends. The Company invests in a diverse portfolio of the United Kingdom growth businesses, whether unquoted or traded on Alternative Investment Market (AIM). The Company invests in a range of securities, including, but not limited to, ordinary and preference shares, loan stocks, convertible securities and interest bearing securities, as well as cash. The Company invests across a range of sectors, which include business services, consumer markets, healthcare and education, and technology, media and telecommunications (TMT). Livingbridge VC LLP is the investment manager of the Company.