Interaction of p‐tert‐butylcalix[8]areneH8 (L8H8) with [NaVO(OtBu)4] (formed in situ from VOCl3) afforded the complex [Na(NCMe)5][(VO)2L8H]⋅4 MeCN (1⋅4 MeCN). Increasing [NaVO(OtBu)4] to 4 equiv led to [Na(NCMe)6]2[(Na(VO)4L8)(Na(NCMe))3]2⋅10 MeCN (2⋅10 MeCN). With adventitious oxygen, reaction of 4 equiv of [VO(OtBu)3] with L8H8 afforded the alkali‐metal‐free complex [(VO)4L8(μ3‐O)2] (3); solvates 3⋅3 MeCN and 3⋅3 CH2Cl2 were isolated. For the lithium analogue, the order of addition had to be reversed such that lithium tert‐butoxide was added to L8H8 and then treated with 2 equiv of VOCl3; crystallisation afforded [(VO2)2Li6[L8](thf)2(OtBu)2(Et2O)2]⋅Et2O (4⋅Et2O). Upon extraction into acetonitrile, [Li(NCMe)4][(VO)2L8H]⋅8 MeCN (5⋅8 MeCN) was formed. Use of the imido precursors [V(NtBu)(OtBu)3] and [V(Np‐tolyl)(OtBu)3] and L8H8, afforded [tBuNH3][{V(p‐tolylN)}2L8H]⋅3 1/2 MeCN (6⋅3 1/2 MeCN). The molecular structures of 1 to 6 are reported. Complexes 1, 3, and 4 were screened as precatalysts for the polymerisation of ethylene in the presence of cocatalysts at various temperatures and for the copolymerisation of ethylene with propylene. Activities as high as 136 000 g (mmol(V) h)−1 were sometimes achieved; higher molecular weight polymers could be obtained versus the benchmark [VO(OEt)Cl2]. For copolymerisation, incorporation of propylene was 7.1–10.9 mol % (compare 10 mol % for [VO(OEt)Cl2]), although catalytic activities were lower than [VO(OEt)Cl2].