View more on these topics

A sparkling idea for an EIS

Braemar Securities is promoting an enterprise investment scheme to raise up to £4m for a Hampshire vineyard to produce Champagne-style sparkling wine.

Hambledon Vineyard is an old commercial vineyard that housesChardonnay, Pinot Noir and Pinot Meunier vines, which are used to make champagne in France. The vineyard is situated on chalk hills, which Hambledon managing director Ian Kellet sees as an ideal environment to produce an English sparkling wine that is similar to champagne.

The proceeds from this EIS will be used to repay around £200,000 of loans that Hambledon obtained last year to provide working capital. The remainder will go towards reconstruction work on the winery and restoration of the cellar; increase the area that is used to grow grapes and provide working capital to finance the production and fermentation of wine.

Investment through this EIS will enable the vineyard to produce 250,000 bottles of sparkling wine a year, increasing to 300,000 bottles once the winery is completed. The Company intends to produce the first wine using its 2010 crop and sell it from 2012.

Hambledon is known as the cradle of cricket because the laws of  the game were formalised there in 1770. Hambledon Vineyeard’s directors intend to use this association by introducing the wine at selected sporting values, restaurants and specialist shops. The region’s historical links to the wine industry and Hambledon’s employment of Champagne-making expert Herve Jestin as a consultant will also be helped to launch the new wine.

This EIS differs from other types of wine investment by investing in an English vineyard rather than trading and managing portfolios of fine wine. Some high-net-worth investors may see this EIS as a way to combine a passion for wine with EIS tax advantages.

The potential risk of investing in a single vineyard at an early stage of development is high. There is no guarantee of success, which depends on factors such as the completion of the work on the winery and cellar, and the launch of the new wine going as planned.


First State fears bubble for emerging markets

First State Investments head of global emerging market equities Jonathan Asante has warned that some emerging markets and stocks “are now entering bubble territory”. In an outlook and commentary sent to shareholders, First State says policymakers are recreating the conditions of 1999 and 2007, just before stockmarket bubbles burst around the world. Asante names another […]


FSA considers new specialist qualification for advisers

The FSA believes there is scope for advisers to have specialist qualifications where they are advising on non-mainstream products. In its discussion paper on product intervention published today, the FSA says it could introduce a requirement for a specialist qualification and limit advisers qualified to a minimum level to advising solely on more mainstream products. […]

Survey rates platforms for financial strength

Axa Wealth, Transact, Skandia and Standard Life have been rated as the financially strongest platforms on the market by Defaqto. The ratings, which were compiled by AKG Actuaries & Consultants, show it is not necessarily the biggest firms that can achieve the best financial strength ranking. They are based on taking a view on a […]

Govt bank sell-off should be in public interest

Virgin Money chief executive Jayne-Anne Gadhia believes any bid for a share of the Government’s stake in the state-backed banks should be subjected to a public interest test to safeguard competition in the market. Giving evidence to the Treasury select committee today as part of its inquiry into competition and choice in banking sector, Gadhia […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm