Midven Launches Fund to Invest in Greater Birmingham

uk flagMidven, a venture capital firm based in Birmingham, UK, is launching the Greater Birmingham EIS Fund (GB EIS).

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/




Join the discussion