InvestmentsJul 3 2014

Launchpad: investments

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The scheme will qualify for government feed-in tariffs with the subsidy linked to retail prices inflation for 20 years.

Key features

The scheme is targeting a return of at least £1.10 after fees and costs from a net 70p invested.

Investors qualify for 30 per cent income tax relief, capital gains tax deferral and inheritance tax relief, together with tax-free capital growth.

Time’s investment team has committed more than £50m to the sector over the past 12 months.

The project will partner with Time’s existing partner, Belltown Power, which currently manages approximately 33MW of hydro-electric, solar and wind schemes for Time Investments across the UK.

The minimum investment size is £10,000 and applications must be made via an authorised intermediary.

Stephen Daniels, head of tax products at Time Investments, said: “Time:EIS combines the tax advantages of an EIS with an opportunity to capitalise on our traditionally inclement weather by accessing highly predictable hydro-electricity generation revenues and inflation-linked, government-backed subsidies.”

Adviser verdict

Olivia Bowen, director of Manchester-based Gaeia, said: “I think this is very positive. We need renewable energy as part of the energy mix, and we ignore it at our peril. Investors with money in oil companies really have to diversify as these companies will struggle when the oil runs out, unless they themselves diversify.”