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Calculus calls for support to help with EIS funding

Calculus Capital says the Government will severely harm GDP growth if it does not support enterprise investment scheme funding.

The firm says funding is becoming increasingly challenging and is lobbying the Government to increase EIS income tax relief to 50 per cent in the Budget to help increase the flow of funds into the schemes.

EIS investments offer 20 per cent income tax relief to a maximum investment of 500,000 per tax year, subject to a holding period of three years.

The tax benefits of other tax-efficient investment vehicles such as venture capital trusts have been curtailed in recent years but the Government has pledged continued support for EIS and last year extended income tax carryback relief to cover the preceding 12 months, up from six months.

Executive chairman and joint founder Susan McDonald says: “If small, well managed companies do not get access to funds, then the impact on GDP will be severe. These companies provide the impetus and momentum for GDP growth.”

The firm says the Treasury has previously shown a willingness to consider ways of improving EIS for investors and smaller companies.


Investec launches multi-asset protector

Investec has the launched the multi-asset protector fund which aims to provide cautious investors access to the market through a multi-asset portfolio while providing and 80 per cent protection barrier against equity market falls. The fund will be managed by Max King and Philip Saunders.

Stellar needs space

The ungeared income fund from Stellar aims to target an annual income of 6 per cent from a portfolio of self-storage space facilities across the Midlands and North-west.

Firms link up to aid advisers on TCF

FinQS and Perception Support have joined forces to offer firms a range of treating customers fairly resources and software through FinQS’ online client feedback system TCF Centre.


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