GBI Magazine has asked Bulletin’s Martin Fox to look at the issue of deployment within EIS. Here he highlights some of the EIS portfolios which are currently available if you’re looking to deploy by the end of this tax year.
If you have tax funds you want to deploy by the end of this tax year there are two things you can do right now.
1. Join IFA Magazine for the webinar on Thursday 4th March from 10am-11:30am as they discuss an easy to follow guide on the exact steps to take for maximum tax efficiency in EIS before April 5th.
You can register for the webinar HERE
2. Check out the following EIS portfolios which are guaranteed to deploy into eligible companies before this tax year ends.
Mark Brownridge, Director General of the EIS Association said “We all know a deadline helps focus the mind and never more so than with the tax year-end. With 6th April now hurtling into view, it’s vital financial planners take the time to understand the full EIS market before making their EIS and SEIS recommendations to clients. Of particular importance is being aware of when and how client’s money will be invested. If your recommendations are reliant on monies being invested before the tax year end, now is the time to discover which funds can and can’t meet this objective. “
Ascension Ventures
One of the companies Ascension Ventures will be investing in this tax year is Better Nature.
Better Nature is a leading all-natural plant-based protein brand and UK food tech company focused on tempeh fermentation. By developing flavoursome, nutritious and all-natural meat-free products, the company is producing a product packed with protein that doesn’t compromise on people, the planet or animals. The team is exceptional, with market leading and patented technology and Ascension sees the meat-free category as a key growth market.
As a result of a consumer change in buying habits through a realisation of the detrimental health and climate impact of a meat-based diet, the plant-based market is booming as consumers adopt vegan, vegetarian and flexitarian diets in larger numbers. The UK meat-free market generated £530m of sales in 2020, with the global plant-based market expected to grow to $74.2bn in 2027 with an avg CAGR of 12% (sources: The Grocer, Grand View Research and Vegan Society).
Close 4th of April 2021.
Deployment expected before the end of tax year.
ARIE Capital
ARIE Capital will be deploying into four companies and an example of one of these is Engage.do
It is a white label web application platform delivering bespoke and audience engagement solutions. Engage has developed an industry leading web application platform that enables brands to quickly and efficiently build complex web and mobile applications at a fraction of the cost of traditional development processes.
Through Engage’s proprietary and versatile platform, brands can build their own app by adding in their choice of pre- built modules such as on-boarding, chat, news feed, push notifications payments and subscriptions to create a bespoke customer experience. Once built, brands can then maintain a clear overview of their app’s performance through Engage’s physical access management and admin dashboard, as well as fully integrate with an existing CRM, allowing them to measure, adapt and constantly improve the way they engage with their customers.
Evergreen.
Deployment before the end of tax year.
The Side By Side Partnership
The Side by Side Partnership will be deploying on the 31st of March, with a target return of 3x and no initial or annual fees charged to investors so clients get 100% of their fund for tax relief.
One of the companies they will be investing in is LaundryHeap, who provide an on-demand laundry & dry-cleaning service, offering collection and delivery in just 24 hours. LaundryHeap’s customers for the laundry service include both individual (B2C) customers and B2B businesses using the service for their guest’s laundry in hotels or in the short-let and Airbnb market.
Competitors have often entered the market with significant capital outlays, however, with a cost-efficient model and the ability to easily scale-up and down as required, we believe LaundryHeap is in an extremely competitive position within its market. With the recent increased focus on sanitisation and hygiene, we believe that the linens rental side (B2B) of the business is well positioned to benefit from the predicted increase in travel bookings as we emerge from the pandemic.
Next close is 30th of March 2021.
Deployment 31st of March 2021.
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