Investments  

Blackfinch to launch media-focused EIS

Blackfinch to launch media-focused EIS

Blackfinch Investment Solutions is to launch a new enterprise investment scheme that is investing solely in the mainstream media sectors

The new Blackfinch Media EIS Portfolios invests in music publishing and TV distribution.

Blackfinch said that the timing of the launch coincides with the announcement in the Autumn Statement which will see the end of ‘anaerobic digestion’ and ‘hydroelectricity renewable’ energy activities qualifying for EIS tax reliefs.

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This will come into effect after 5 April 2015 and means that all renewable energy activities that already benefit from government subsidies will be restricted from EIS reliefs.

Investments in the renewables sector had previously dominated retail EIS money with £386.7mdirected into renewable energy projects during the 2013/14 tax year.

The activities in the new EIS portfolios are designed to deliver a similar low-risk investment profile to renewables through predictable income streams and Blackfinch will only invest into companies that already have advance assurance in place.

Richard Cook, chief executive of Blackfinch said: “Our EIS offers investors a strategy with a focus on capital preservation and will be an excellent opportunity for advisers now seeking an alternative to the void left by renewables, but still wishing to utilise the valuable tax reliefs that come with EIS.”

ruth.gillbe@ft.com