RegulationJul 6 2015

Investment provider unveils two new propositions

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
Investment provider unveils two new propositions

Tax-efficient investment firm Deepbridge has unveiled two new propositions, following adviser feedback.

The firm currently operates the evergreen Deepbridge Technology Growth EIS and, in addition, has today (6 July) launched the Deepbridge Life Sciences Seed Enterprise Investment Scheme and the Deepbridge Inheritance Tax Service.

Led by bio-entrepreneur and surgeon professor Chris Wood, the Deepbridge life sciences SEIS is made up of 10 companies, offering investors with a diversified portfolio of life sciences investment opportunities and the tax benefits potentially available under SEIS.

The main focus of the scheme is to provide investment in companies that aim to satisfy the needs of large and growing markets, by being engaged in the discovery and development of therapeutics for anti-viral and antibiotic drugs, neurodegenerative disease therapeutics, cancer diagnostics and autoimmune and other metabolic disorder therapies.

Meanwhile, the IHT service invests in business relief qualifying asset-backed renewable energy opportunities that benefit from contractual revenues available under the renewables obligation. These are potentially exempt from a portion of the investor’s estate from IHT, after a two-year holding period.

Both propositions will not charge fees to the investor, thereby “ensuring maximum share allocation and the maximising of potential tax reliefs”.

Ian Warwick, managing director at Deepbridge, said that the overwhelming response from advisers has been that they are looking for a credible diversified portfolio approach to SEIS.

He added that he believes the IHT service is a “great opportunity” for a business relief proposition, due to the asset-backed and government subsidised nature of the investment. “We have been frustrated by the propositions in the business relief market which use capital preservation as an excuse for limiting the income opportunities for investors.

“Due to the predictable nature of our renewable energy projects, we know that we can look to preserve capital whilst also offering investors the option of a target 6 per cent annual yield.”

donia.o’loughlin@ft.com