Interim Management Statement

Interim Management Statement

Introduction
I  am pleased to present the Crown  Place VCT PLC's interim management statement
for  the period  from 1 July  to 9 November  2010 as required  by the UK Listing
Authority's Disclosure and Transparency Rule 4.3.

Performance and dividends
The  Company's unaudited net asset value (NAV), based on management accounts, as
at  30 September 2010 was £24.3  million (30 June  2010: £23.5 million) or 33.8
pence  per  share  (excluding  treasury  shares)  (30  June 2010: 32.7 pence per
share).  This is after accounting for the first dividend for the year to 30 June
2011 of  1.25 pence per share (total cost:  £899,000), to be paid on 30 November
2010 to shareholders on the register as at 29 October 2010.

The  net asset  value has  risen by  1.09 pence or  3.3 per cent.  since 30 June
2010, mainly  as  a  result  of  an  increase  in the valuation of the Company's
investment portfolio.

Share issues and buybacks
During  the period  from 1 July  2010 to 9 November  2010, the Company purchased
175,000 shares for cancellation at an average price of 28.9 pence per share.

It  remains the Board's policy to buy back  shares in the market, subject to the
overall  constraint that such purchases are in the Company's interest, including
the  maintenance  of  sufficient  resources  for  investment in existing and new
investee companies and the continued payment of dividends to shareholders.

It is the Company's intention that, subject to the sufficiency of cash resources
and  any market constraints, share  buy-backs should be in the region of a 10 to
15 per cent. discount to net asset value.

Portfolio
The  following investments have been made  during the period from 1 July 2010 to
9 November 2010:

+-----------------------------------+------+-----------------------------------+
|Name                               |£000's|                                   |
+-----------------------------------+------+-----------------------------------+
|Radnor House School Limited (new   |1,564 |Independent school for children    |
|investment)                        |      |aged 7 - 18                        |
+-----------------------------------+------+-----------------------------------+
|Oakland Care Centre Limited (new   |736   |Care home                          |
|investment)                        |      |                                   |
+-----------------------------------+------+-----------------------------------+
|TEG Biogas (Perth) Ltd (new        |109   |Anaerobic digestion                |
|investment)                        |      |                                   |
+-----------------------------------+------+-----------------------------------+
|Bravo Inns II Limited              |100   |Owner and operator of freehold pubs|
+-----------------------------------+------+-----------------------------------+
|Rostima Limited (further           |47    |Provider of work force management  |
|investment)                        |      |solutions software                 |
+-----------------------------------+------+-----------------------------------+
|Xceleron (further investment)      |31    |Provider of a range of drug        |
|                                   |      |development services to the life   |
|                                   |      |science industry                   |
+-----------------------------------+------+-----------------------------------+

Disposals
During  the period from 1 July  2010 to 9 November 2010 Booth Dispensers Limited
repaid  £8,000 of  loan stock  and River  Bourne Health  Club repaid £4,000 loan
stock.  Crown Place VCT PLC has also sold  its investment in Cello Group PLC for
proceeds of £140,000.

Top ten qualifying holdings (as at 30 September 2010)

+-----------------------------------+---------------------+
| Investment                        | Carrying/fair value |
|                                   | £000's              |
+-----------------------------------+---------------------+
| The Crown Hotel Harrogate Limited | 2,127               |
+-----------------------------------+---------------------+
| ELE Advanced Technologies Limited | 1,972               |
+-----------------------------------+---------------------+
| Radnor House School Limited       | 1,572               |
+-----------------------------------+---------------------+
| The Stanwell Hotel Limited        | 1,218               |
+-----------------------------------+---------------------+
| The Charnwood Pub Company Limited | 1,123               |
+-----------------------------------+---------------------+
| Avanti Communications plc         | 1,103               |
+-----------------------------------+---------------------+
| Kensington Health Club Limited    | 1,081               |
+-----------------------------------+---------------------+
| Kew Green VCT (Stansted) Limited  | 955                 |
+-----------------------------------+---------------------+
| Geronimo Inns VCT I Limited       | 827                 |
+-----------------------------------+---------------------+
| Geronimo Inns VCT II Limited      | 827                 |
+-----------------------------------+---------------------+

Albion VCTs Linked Top Up Offer

On  1 November 2010 the Company  announced the launch  of the Albion VCTs linked
top  up offer.  In aggregate, the Albion VCTs  will be aiming to raise up to £15
million  across all of the  seven VCTs managed by  Albion Ventures LLP, of which
Crown Place VCT's share will be approximately £2.25 million.  The maximum amount
raised  by each of the  Albion VCTs will be  the lower of Euros 2.5 million, and
10 per  cent. of  its issued  share capital  (over any  one 12 month period, and
including  any  shares  issued  under  Dividend Reinvestment Schemes), being the
amount that they may issue under the Prospectus Rules without the publication of
a  full prospectus. The number  of new shares available  may change depending on
the £: euro exchange rate at the date of allotment.

The  proceeds of  the Offer  will be  used to  provide further  resources to the
Albion  VCTs at a time when a  number of attractive new investment opportunities
are being seen.

An offer document will be sent to shareholders later this month.

There have been no further significant events or transactions that the Board are
aware  of which would  have a material  impact on the  financial position of the
Company between 1 July 2010 and 9 November 2010.

Further  information regarding  historic and  current financial  performance and
other  useful  shareholder  information  can  be  found  on  the  Fund's website
underwww.albion-ventures.co.uk/Our Funds/Crown Place VCT PLC.

Patrick Crosthwaite, Chairman
9 November 2010


For further information please contact:

Patrick Reeve, Albion Ventures LLP - tel: [phone]



[HUG#1460428]








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