Nexus Investments, a division of Harry Hyman’s Nexus Group, has launched its first EIS Scale-Up Fund.
The firm believes it to be the first UK EIS Fund specifically focused on scale-up opportunities to launch since the recent June announcement of the UK Government’s £2.5bn British Patient Capital programme.
The fund aims to address a large gap in the market by providing UK investors with access to exciting, but curated UK entrepreneur-led private companies that have successfully passed the start-up stage and are ready to scale up on a global basis.
Also, the fund will focus on four of the most exciting areas of change in the world today where UK early stage companies can become global leaders: data, digital, education and health.
Matthew O’Kane, Managing Director of Nexus Investments (above), said: “The Government have identified scaling as the next big policy priority if the UK is to capitalise upon the start-up boom of the past 5-10 years. At the same time, the era of limited life or ‘asset-backed’ EIS Funds has effectively come to an end with the new Risk-To-Capital condition introduced last year. The Government is instead encouraging a shift way from historical safe harbours toward knowledge-intensive, entrepreneur-led companies, in value-add industries.”
Harry Hyman, Founder of Nexus Group, added: “Since the UK Government’s Patient Capital Review, the focus for EIS investment criteria has shifted to high potential, growth investments. This is the area in which we specialise, and have done for some time. We have put our money where our mouth is in our own EIS deals to date. Our Scale-Up Fund is specifically designed to help investors access these top-tier UK investments within a diversified fund portfolio that reduces risk.”