Business
Launch of Beta EIS Fund
Launch of Beta EIS Fund.
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[{"type":"text","content":"\n RNS Number : 6714F Braveheart Investment Group plc 18 January 2010 \n \n18 January 2010 \n\n\nBraveheart Investment Group plc\n(\"Braveheart\" or the \"Group\")\n\nBraveheart Launches Beta EIS Fund\n\nBraveheart (AIM: BRH), the technology commercialisation and investment management company, today announces the launch of its Beta EIS Fund (\"the Fund\"). The Fund, a successor to the Group's Alpha EIS Fund, is an HMRC approved Enterprise Investment Scheme ('EIS') fund which will provide risk and investment diversification from a balanced portfolio approach, with exposure to various industry sectors and stages of company. Investments will be principally in technology-based companies which have the potential to make significant capital gains in the next five years. \n\nBraveheart currently has interests in a portfolio of 48 companies and the Fund will provide follow-on funding to selected portfolio companies as well as making new investments. UK investors in the Fund will be able to take advantage of the favourable tax treatments associated with the EIS regime. The minimum subscription to the Fund is £10,000 and the maximum is £500,000 per individual (or £1m per couple). Copies of the Fund's Information Memorandum are available to qualified investors or can be obtained via professional advisers. \n\nGeoffrey Thomson, Chief Executive of Braveheart, said, \"We have been constructing EIS portfolios since we formed Braveheart in 1997. Since that time we have seen EIS grow from being a grossly under-utilised and misunderstood asset class to what it is today. With the 50% rate of tax looming, EIS has now come of age and is an asset class in its own right. \n\n\"We believe high net worth investors should have an exposure to the EIS asset class. The advantage of EIS is that investors can back high risk/high reward companies in a tax efficient way. If the investment fails, the investor can set the loss against tax: on the other hand, if the investment comes good, the investor can realise the gain without, in most cases, paying tax on the profit.\n\n\"But there is another side to EIS investing. We all require our money to work hard, but by EIS investing the investor is helping today's little businesses become tomorrow's large ones. That is important. Our EIS investors buy shares directly in the underl...