Interim Management Statement

Interim Management Statement

Introduction
I am pleased to present the interim management statement for Crown Place VCT PLC
for  the period  from 1 January  to 11 May  2011 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  31 March 2011 was £24.9 million or  33.0 pence per share (excluding treasury
shares).  This is after accounting for the dividend of 1.25 pence per share paid
on 31 March 2011.

The  unaudited  net  asset  value,  as  at 31 December 2010 was £24.9 million or
34.68 pence  per  share  (before  accounting  for  the dividend paid on 31 March
2011).

Adjusting  for the dividend  paid, the net  asset value per  share has fallen by
0.43 pence  or 1.3 per  cent. since  31 December 2010, mainly  as a  result of a
decrease in the valuation of the Company's residual AIM investment portfolio.

Share issues and buybacks
During  the  period  from  1 January  to  31 March  2011, the Company issued the
following  shares  under  the  Albion  VCTs  Linked  Top  Up Offer 2011 (and are
included in the net asset value figures for 31 March 2011 above);

+--------------+---------------------+----------------------+------------------+
|Date          |  Number of shares   |Issue price per share |Net proceeds £'000|
|              |       issued        |(including 5.5% costs |                  |
|              |                     |      of issue)       |                  |
+--------------+---------------------+----------------------+------------------+
|7 January 2011|      1,828,380      |     35.80 pence      |       604        |
+--------------+---------------------+----------------------+------------------+
|22 March 2011 |      1,833,102      |     35.40 pence      |       649        |
+--------------+---------------------+----------------------+------------------+

On  5 April 2011, the following shares were  issued under the Albion VCTs Linked
Top Up Offer;

+------------+----------------------+-----------------------+------------------+
|Date        |   Number of shares   | Issue price per share |Net proceeds £'000|
|            |        issued        | (including 5.5% costs |                  |
|            |                      |       of issue)       |                  |
+------------+----------------------+-----------------------+------------------+
|5 April 2011|      1,204,732       |      35.40 pence      |       400        |
+------------+----------------------+-----------------------+------------------+

In  addition, the following  shares were issued  under the dividend reinvestment
scheme on 31 March 2011 (and are included in the net asset value figures for 31
March 2011 above);

+-------------+-----------------------+---------------------+------------------+
|Date         |Number of shares issued| Issue price (pence  |Net proceeds £'000|
|             |                       |     per share)      |                  |
+-------------+-----------------------+---------------------+------------------+
|31 March 2011|        115,328        |     33.43 pence     |        38        |
+-------------+-----------------------+---------------------+------------------+

During  the period from 1 January to 11 May 2011, the Company purchased 171,000
shares for cancellation at an average price of 28 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, the price at which shares are bought back 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 January to 11
May 2011:

+------------------------------------+------+----------------------------------+
|Name                                |£000's|                                  |
+------------------------------------+------+----------------------------------+
|                                    |      |                                  |
+------------------------------------+------+----------------------------------+
|TEG Biogas (Perth) Limited          |243   |Anaerobic digestion plant in      |
|                                    |      |Scotland                          |
+------------------------------------+------+----------------------------------+
|Orchard Portman Hospital Limited    |220   |Psychiatric Hospital              |
|(further investment)                |      |                                  |
+------------------------------------+------+----------------------------------+
|Nelson House Hospital Limited       |139   |Psychiatric Hospital              |
+------------------------------------+------+----------------------------------+
|Masters Pharmaceuticals Limited     |99    |International specialist          |
|(further investment)                |      |distribution of pharmaceutical    |
|                                    |      |products                          |
+------------------------------------+------+----------------------------------+
|The Street by Street Solar Programme|67    |Photo -voltaic installations on   |
|Limited                             |      |domestic properties in Windsor and|
|                                    |      |Maidenhead                        |
+------------------------------------+------+----------------------------------+
|Prime Care Holdings Limited (further|40    |Domiciliary care services         |
|investment)                         |      |                                  |
+------------------------------------+------+----------------------------------+
|Rostima Limited (further investment)|32    |Provider of work force management |
|                                    |      |solutions software                |
+------------------------------------+------+----------------------------------+
|Xceleron (further investment)       |22    |Provider of a range of drug       |
|                                    |      |development services to the life  |
|                                    |      |science industry                  |
+------------------------------------+------+----------------------------------+
|Regenerco Renewable Energy Limited  |21    |Photo -voltaic installations on   |
|(new investment)                    |      |small commercial buildings        |
+------------------------------------+------+----------------------------------+
|AVESI Limited (new investment)      |17    |Photo -voltaic installations on   |
|                                    |      |small commercial buildings        |
+------------------------------------+------+----------------------------------+

Disposals
During  the period from 1 January to 11 May 2011 Booth Dispensers Limited repaid
£8,000 of loan stock.

Top ten qualifying holdings (as at 31 March 2011)

+-----------------------------------+---------------------+
| Investment                        | Carrying/fair value |
|                                   | £000's              |
+-----------------------------------+---------------------+
| The Crown Hotel Harrogate Limited | 2,182               |
+-----------------------------------+---------------------+
| ELE Advanced Technologies Limited | 2,171               |
+-----------------------------------+---------------------+
| Radnor House School Limited       | 1,596               |
+-----------------------------------+---------------------+
| Kensington Health Club Limited    | 1,231               |
+-----------------------------------+---------------------+
| The Stanwell Hotel Limited        | 1,067               |
+-----------------------------------+---------------------+
| The Charnwood Pub Company Limited | 1,020               |
+-----------------------------------+---------------------+
| Kew Green VCT (Stansted) Limited  | 960                 |
+-----------------------------------+---------------------+
| Avanti Communications plc         | 812                 |
+-----------------------------------+---------------------+
| Oakland Care Centre Limited       | 754                 |
+-----------------------------------+---------------------+
| Tower Bridge Health Club Limited  | 682                 |
+-----------------------------------+---------------------+

Albion VCTs Linked Top Up Offer

On  6 April 2011, the Company announced that the Albion VCTs Linked Top Up Offer
would  be extended to 16 May 2011 for applications in respect of the tax year to
5 April  2012.  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.


There  have been no further significant events or transactions between 1 January
to 11 May 2011 that the Board is aware of, which would have a material impact on
the financial position of the Company.

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

Patrick Crosthwaite, Chairman
11 May 2011


For further information please contact:

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






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Source: Crown Place VCT PLC via Thomson Reuters ONE

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