Wed, 25/06/2014 - 12:43
TIME Investments has launched an Enterprise Investment Scheme, TIME:EIS, that will invest in the renewable energy sector.
TIME:EIS will invest up to GBP10 million in three consecutive hydro-electricity projects that will export electricity into the national grid and qualify for the government’s Feed In Tariff (FIT) subsidy regime, thereby enhancing the returns available.
The subsidy will be RPI linked for 20 years.
TIME:EIS is targeting a return of at least GBP1.10 after fees and costs from a net 70 pence invested. An EIS investor can benefit from a range of tax advantages including 30 per cent income tax relief, capital gains tax deferral and inheritance tax relief, together with tax free capital growth.
Stephen Daniels, head of tax products, TIME Investments, says: “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.
“We understand the importance of capital preservation and our investment team has a highly disciplined approach to risk management. For example, we will only invest in projects where planning consent and grid connection have already been established.”
The TIME investment team will work closely with its existing partner, Belltown Power, which is a specialist renewable energy management and operating group. Belltown Power currently manages approximately 33 MW of hydro-electric, solar and wind schemes for TIME Investments across the UK.
The minimum investment size is GBP10,000 and applications must be made via an authorised intermediary.
TIME Investments is owned by Alpha Real Capital LLP, the co-investing institutional real estate investment manager with cGBP1 billion in assets under management.
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