View more on these topics

Nurseries enterprise

Teather & Greenwood Investment Management has introduced Childcare Corporation 6, an enterprise investment scheme that aims to raise up to £10m for the building and operation of around 10 purpose-built children&#39s nurseries in the Midlands and the South of England.

This EIS takes up the objectives of the previous five Childcare Corporation schemes by providing private daycare facilities for children aged between three months and five years. Each nursery is expected to have places for 100 children.

The directors of the EIS have built up a track record through the previous Childcare Corporation EISs and a sixth was established for investors who want to take advantage of this.

The directors realise that property prices are rising and estimate the cost of each site at between £275,000 and £350,000, with London sites anticipated to exceed this range.

However, they believe their success in securing sites for the previous EISs will help them negotiate reasonable prices.

The company believes that childcare is a growing market, with demand for nursery places from working parents exceeding supply, since parents may be more comfortable relying on an organisation for childcare rather than a full-time nanny.

The advantage for investors is that they may profit from the nurseries as businesses and from the value of the property if prices increase. In addition, investors will receive the tax breaks associated with an EIS.

However, as an unquoted company which is developing new businesses, the risks for investors could be high.

The success of the EIS will depend on a range of factors such as the availability of development sites at the right price, being able to carry out building work on time so extra costs are not incurred and the continuing demand for childcare provision.


Barclays Bank – Managed Fund of Funds Isa

Wednesday, March 5 2003 Type: Oeic mini or maxi Isa Aim: Growth and income by investing in equities and bonds Minimum investment: Lump sum £500, monthly £25 Maximum investment: £7,000 Catmarked: No Investment choice: JPMorgan Fleming Luxembourg, Baring global bond, Threadneedle UK corporate bond, Investec sterling bond A, iShare iFTSE 100, Merrill Lynch UK dynamic, […]

Penrose sets June date for review completion

Lord Penrose has reaffirmed his commitment to completing his review of the Equitable Life debacle by June so that ministers can make a decision as to whether to publish it before Parliament rises in July.In a letter written to Treasury select committee chairman John McFall, Penrose conceded it was a tight deadline to meet and […]

Hargreaves Lansdown is moving over to fees

Hargreaves Lansdown, the UK&#39s biggest investment IFA, is switching from commission-based advice to become a predominantly fee-only advisory firm in a move it says is essential to its survival.Following the recent consolidation of its advice arms, the company is restructuring the merged financial practitioner business to enable it to conduct at least 80 per cent […]

Fears that filtering questions may lead to misselling

Many advisers are worried that the use of filtering questions could be open to abuse or lead to unqualified advisers providing advice.Seventy-eight per cent believe that the use of filtering questions or decision trees could lead directly to lesser-qualified advisers offering advice.The FSA&#39s depolarisation proposals have led to suggestions that decision trees should be used […]

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]


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