View more on these topics

Downing EIS nurtures day nurseries

Downing Corporate Finance has unveiled the Downing nurseries enterprise investment scheme (EIS), which aims for capital growth by investing in children&#39s day nurseries.

This EIS intends to raise £10m to finance the purchase and management of between 12 and 15 nurseries around the UK. The premises will mainly be freehold properties, which gives the EIS the security of having bricks and mortar behind it. The nurseries will be established during the next 12 months and will be managed by Nu Nu, a company that already manages five nurseries.

The childcare sector has been chosen because it is seen as a growth area. Many mothers with pre-school children return to work and this has created increased demand for nurseries, along with Government initiatives such as the Childcare Tax Credit. This allows eligible parents to claim up to 70 per cent of the cost of childcare.

Adventurous high-net-worth investors with capital gains to reinvest may find this EIS appealing, but they must be willing to hold onto the shares until the exit period in five years&#39 time.

Downing nurseries could also face competition from other offerings in the same sector, such as Childcare Corporation 5, which has built up a track record through four previous share issues. Competition for suitable premises may push up the prices of prospective sites, which could have a negative affect on the performance of the EIS. There is also no guarantee that the childcare sector will continue to grow at the current rate over the next five years.


IFAP guides the way to getting on the net

IFA Promotion has published the third edition of its guide to help IFAs get their business online and make the most of an internet presence.IFAP itself has seen the number of online referrals increase dramatically over the past two years with 70 per cent of enquiries now handled on the internet.It says that only around […]

ZFS sells European business to Generali

Zurich Financial Services’ restructuring continues apace with a deal to sell its businesses in Poland, Hungary, Slovakia and Czech Republic to Generali.The two companies have also signed agreements to collaborate on international corporate clients so Zurich will still be able to offer a Europe-wide service to its clients. Zurich has also sold its Mexican pension […]

Movision site explains film finance for IFAs

Film partnership manager Movision Management has set up a website to help IFAs understand film financing as an investment and its tax benefits.Movision has been making presentations to IFAs about investing in films and says many are confused by the variety of schemes on offer and their tax and investment benefits.It believes IFAs do not […]

Mortgage Express one-year buy-to-let fixed

Mortgage Express one-year buy-to-let fixed Type: Buy-to-let fixed Fixed term: 3 June 2003Fixed rate: 2.99%Minimum loan: £40,000Maximum loan: £300,000 up to 85% LTV, £400,000 up to 70% LTV, £1m up to 60% LTVRental income: 130% of gross monthly mortgage payment Arrangement fee: £325Redemption fee: Six month&#39s interest at underlying variable rate (base rate + 1.75%) […]


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