At a glance
- Current status: Open
- Fund type: SEIS/EIS
- Investment goal: Capital growth
- Focus: UK SMEs, multi-sector
- Target returns: 2x
- Target holding period: 5 years
- Minimum subscription: £10,000
GrowthInvest is an independent platform, which provides access to tax-efficient investments to a growing network of UK financial advisers, wealth managers and investors. The platform aims to bring the advantages of early-stage investing to a wider audience of investors and advisers, who are able to benefit from the potentially higher returns these companies can offer and tax efficiency via government-approved schemes, such as SEIS and EIS.
The platform technology provides the investors on the platform with full transparency on the underlying investments alongside efficient regular reporting at company level.
SEIS & EIS tax incentives
The companies the fund invest in are expected to be SEIS-EIS-qualifying, which makes GrowthInvest Portfolio Service SEIS-EIS suitable for qualifying clients who would potentially benefit from the following tax reliefs:
- Up to 30% income tax relief (50% for SEIS)
- Tax-free investment growth
- Capital gains deferral (50% capital gains tax exemption for SEIS)
- Inheritance tax relief
- Loss relief
Please note: SEIS-EIS tax reliefs are only made available to investors because of the higher risks associated with investing in early-stage companies. Also, the availability of tax reliefs will depend on the investor's personal circumstances, and tax legislation can change in the future.
Example companies from the current fund portfolio
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Spring has developed the first, and only self-service machine in the UK that allows consumers to sell their old phones, DVDs, CDs, video games and other electronics in a range of conditions. .
Cuckoo is a broadband services provider used to simplify broadband for users. The company has a simple broadband offering, suppling a single 67 Mb/s fibre deal on a monthly rolling contract with no hidden fees.
StoryBall is a Screen-free educational smart-toy that keeps children active. Storyball engages children Physically and Digitally with social activities that encourage imagination, empathy, and collaboration as well as accelerating their cognitive development assists physical, social, cognitive and emotional development.
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