Triple Point is launching an enterprise investment scheme (EIS) backing commercially successful companies that make a positive social impact.
The Triple Point Impact EIS is initially raising £10m and offers investors a portfolio of between 8 and 12 fast-growing companies across four key sectors including the environment, health, inequality and children and young people.
The capital should be deployed over 12 to18 months and the target is to exit investors 4 to 7-years after allotment. The minimum investment is £25,000.
Belinda Thomas, head of sales and investor relations at Triple Point, said the EIS looks to back companies that maximise financial returns while also having a positive impact on society.
"The Impact EIS is the fruition of several years of development and is a response to growing demand from investors for principled investment products.
"Its Impact Investment strategy reflects and capitalises on the macro forces shaping global growth, with the opportunity for superior long-term returns.
"And for advisers, it allows them to fully utilise their core financial analysis skills while also developing wider relationships with their clients."
Scott Gallacher, director at Leicester-based Rowley Turton Private Wealth Management, said as investors are increasingly concerned about wider social issues, offerings such as this merits consideration.
“However, despite the obvious tax advantages of EISs they are only suitable for a small number of people due to their higher risk.”