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 11 November 2009 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 2009 was £24.4  million (30 June  2009:
£24.8 million) or  33.7 pence per  share (excluding treasury  shares)
(30 June 2009: 34.2  pence per share). This  is after accounting  for
the first revenue dividend for the year to 30 June 2010 of 1.25 pence
per share  (total  cost:  £904,960),  paid  on  6  November  2009  to
shareholders on the register as at 9 October 2009.

After adding back the first dividend for the new financial year,  the
net asset value has risen by 0.7  pence or 2 per cent. since 30  June
2009, mainly as a result of an increase in the value of the Company's
holding in the AIM-quoted Avanti Communications plc.


Cancellation of Share Premium Account
The Company has cancelled its share premium account by way of special
resolution at a General Meeting held  on 1 September 2009. The  share
premium  account  amounting  to  £14,437,830  was  cancelled  on   16
September 2009 by order  of the High Court  and the Notice  regarding
the cancellation was  registered at Companies  House on 17  September
2009.

Share issues and buybacks
On 6 November 2009, the Company issued 106,946 Ordinary shares of  10
pence each at  a price of  32.95 pence per  share under the  Dividend
Reinvestment Scheme.

During the period from 1 July  2009 to 11 November 2009, the  Company
did not  purchase  any shares  for  cancellation  or to  be  held  in
treasury.

Portfolio
The following investments  have been  made during the  period from  1
July 2009 to 11 November 2009:


+-------------------------------------------------------------------+
| Name                     | £000's |                               |
|--------------------------+--------+-------------------------------|
| Geronimo Inns VCT I      | 720    | Freehold pub owner and        |
| Limited (new investment) |        | operator                      |
|--------------------------+--------+-------------------------------|
| Geronimo Inns VCT II     | 720    | Freehold pub owner and        |
| Limited(new investment)  |        | operator                      |
|--------------------------+--------+-------------------------------|
| Vibrant Energy Assessors | 33     | Energy performance            |
| Limited (further         |        | certificate provider          |
| investment)              |        |                               |
|--------------------------+--------+-------------------------------|
| Red-M Wireless Limited   | 36     | Service and software provider |
| (further investment)     |        |                               |
|--------------------------+--------+-------------------------------|
| Bravo Inns II Limited    | 100    | Freehold pub owner and        |
| (further investment)     |        | operator                      |
|--------------------------+--------+-------------------------------|
| Rostima Limited (further | 40     | Provider of workforce         |
| investment)              |        | management solutions software |
|--------------------------+--------+-------------------------------|
| Mi-Pay Limited (further  | 12     | Provider of mobile payment    |
| investment)              |        | services                      |
|--------------------------+--------+-------------------------------|
| RFI Global Services      | 31     | Provider of conformance       |
| Limited (further         |        | testing to the cellular,      |
| investment)              |        | wireless and smart card       |
|                          |        | industries                    |
+-------------------------------------------------------------------+


During the period, the Company invested in a floating rate note held
by Wells Fargo (maturity 25/01/2012) for liquidity management
purposes.

Disposals
During the period from  1 July 2009 to  11 November 2009,  Nationwide
floating rate note matured on 7 July 2009 and proceeds of  £2,720,000
were received. In addition, GB Pub Company VCT Limited repaid £45,000
of loan stock, and House of Dorchester Limited repaid £41,000 of loan
stock.

As a result of  the consolidation of part  of the pub portfolio,  the
site management has been entrusted to a single management team. Crown
Place VCT  PLC  exchanged  its shareholdings  in  the  Charnwood  Pub
Company (Hotels) Limited, Welland Inns VCT Limited, Welland Inns  VCT
(Hotels) Limited and Novello Limited for additional shareholdings  in
the Charnwood Pub Company Limited on 21 September 2009.

Top ten qualifying holdings (as at 30 September 2009)


+---------------------------------------------------------+
| Investment                        | Carrying/fair value |
|                                   | £000's              |
|-----------------------------------+---------------------|
| The Crown Hotel Harrogate Limited | 2,099               |
|-----------------------------------+---------------------|
| ELE Advanced Technologies Limited | 1,759               |
|-----------------------------------+---------------------|
| The Charnwood Pub Company Limited | 1,142               |
|-----------------------------------+---------------------|
| The Stanwell Hotel Limited        | 1,125               |
|-----------------------------------+---------------------|
| Avanti Communications plc         | 1,032               |
|-----------------------------------+---------------------|
| Kensington Health Club Limited    | 1,020               |
|-----------------------------------+---------------------|
| Kew Green VCT (Stansted) Limited  | 948                 |
|-----------------------------------+---------------------|
| Geronimo Inns VCT I Limited       | 729                 |
|-----------------------------------+---------------------|
| Geronimo Inns VCT II Limited      | 729                 |
|-----------------------------------+---------------------|
| House of Dorchester Limited       | 648                 |
+---------------------------------------------------------+


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 2009 and 11 November
2009.


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

Patrick Crosthwaite, Chairman
11 November 2009


For further information please contact:

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

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