Led by Tony Stott, Managing Director, the GB EIS Fund will focus on deploying Enterprise Investment Scheme (EIS) qualifying monies alongside the recently secured £35 million Midlands Engine Investment Fund (MEIF) from the British Business Bank.
The fund will co-invest with MEIF in up to half of the same deals — but will target more established and lower-risk ventures that have the potential to achieve a minimum of 2x capital return (excluding tax reliefs) within 3-5 years.
Midven’s EIS fund will invest into ventures that qualify for the Treasury’s highly-advantageous EIS reliefs for private professional investors looking to benefit from the exponential growth of high-growth companies across the Midlands. These benefits include 30% income tax relief, loss relief, tax-free capital gains, Inheritance Tax (IHT) relief, and the deferment of existing Capital Gains Tax (CGT).
Investors may download the GB EIS Fund Investment Memorandum here: http://www.midven.co.uk/funds/birmingham-eis-fund/