Calculus Capital

VCT

Manager Summary

Calculus Capital offer private equity investment opportunities with substantial tax advantages from the most experienced, award-winning, Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) Fund Manager. Their diligent process, record of profitable exits and focus on capital appreciation distinguishes them from other EIS and VCT fund managers. The Calculus investment strategy has remained consistent for the past 10+ years, together with their structured investment process, strong risk management and very close monitoring of portfolio companies, they have been able to produce significant results for their clients. Be that via tax free dividends for our VCT investors, or tax free capital gains for their EIS investors. Click here to view the Calculus Capital VCT.

Contact Details

Calculus Capital, 104 Park Street, London, W1K 6NF

www.calculuscapital.com

020 7493 4940

info@calculuscapital.com

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News & Updates

Calculus launches zero initial fee VCT offer – limited time only
Nov 10, 2020

<header> <div class="post-date">03.11.20</div> </header> <div class="entry-content"> <strong>Normal initial fees of 3-5% waived until end of December</strong> Award-winning Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) specialist, Calculus Capital, is waiving initial fees on its VCT until the end of November. The VCT is aiming to deliver an annual tax-free dividend of 4.5%, as well as capital growth. Earlier this year Calculus introduced a Dividend Reinvestment Scheme for those seeking to reinvest dividends. To help investors looking to manage their tax affairs most efficiently, Calculus is offering to extend the introductory offer term to those who subscribe now but wish their money to be invested after April 5th, in the next financial year. It will also apply to those who seek to drip feed their investments on a monthly basis over a year but commit to monthly standing orders now. <a href="https://www.calculuscapital.com/calculus-launches-zero-initial-fee-vct-offer-limited-time-only-2/">Click here to read the full article.</a> </div>

03.11.20

Normal initial fees of 3-5% waived until end of Decemberread more

Calculus VCT Half-year Report
Nov 10, 2020

<p class="vn"><strong><span class="vl">Calculus VCT plc</span></strong></p> <p class="vn"><strong><span class="vl">Half Yearly Report for the six months ended 31 August 2020</span></strong></p> <p class="vn"><strong><span class="vl">INVESTMENT OBJECTIVE</span></strong></p> <p class="vo"><span class="vj">The Company's principal objectives for investors are to:</span></p> <p class="vo"><span class="vh">●</span><span class="vg"> invest in a portfolio of Venture Capital Investments that will provide investment returns that are sufficient to allow the Company to maximise dividends and capital growth over the medium to long term;</span></p> <p class="vo"><span class="vh">●</span><span class="vg"> generate sufficient returns from a portfolio of Venture Capital Investments that will provide attractive long-term returns within a tax efficient vehicle;</span></p> <p class="vo"><span class="vh">●</span><span class="vg"> review and pay the appropriate level of dividends annually taking account of investment returns achieved and future prospects; and</span></p> <p class="vo"><span class="vh">●</span><span class="vg"> maintain VCT status to enable qualifying investors to retain their income tax relief of up to 30 per cent. on the initial investment and receive tax-free dividends and capital growth.</span></p> <a href="https://www.londonstockexchange.com/news-article/CLC/half-year-report/14730899">Click here to read further.</a>

Calculus VCT plc

Half Yearly Report for the six months ended read more

Calculus Capital Launches Zero Initial Fee VCT Offer
Jul 29, 2019

Enterprise Investment Scheme and Venture Capital Trust specialist Calculus Capital is to waive initial fees on its new VCT until the end of the year. The firm explained that most providers charge “promoter fees” of between 3% and 5% – Calculus will waive this fee if a subscription is made before the end of the year. Calculus launched its first VCT over a decade ago and it told GBI Magazine that its funds have consistently hit their dividend targets. The new Calculus VCT fund, which invests alongside Calculus EIS funds, is aiming to deliver an annual dividend of 4.5% from summer 2019. VCT investments attract 30% income tax relief if held for five years. Dividends are tax free too, and there is no capital gains tax on the sale of shares. For more information and to read the full article, please <a href="https://www.gbinvestments.co.uk/article/eis-and-vct-specialist-calculus-capital/">click here</a>

Enterprise Investment Scheme and Venture Capital Trust specialist Calculus Capital is to waive initial fees on its new VCT until the end of the year. The fir read more

Venture Capital Trusts or Enterprise Investment Scheme – Which is Right for You?
Jul 29, 2019

In the past 10 years the VCT and EIS markets have doubled in size as awareness of them has grown and the amount investors can save into pensions has been squeezed. Both schemes were designed with the intention of directing private risk capital into small UK businesses and helping the British economy grow, so might be considered patriotic investments. Both offer attractive tax benefits and low correlation to mainstream, large-cap markets (like the FTSE 100), so can be attractive to investors who are looking to reduce tax bills, build diversification into their portfolios and are comfortable with the risks involved. VCTs and EISs are particularly useful for higher-rate taxpayers looking to reduce their income tax bill. They can help investors who want to save for retirement tax efficiently but have used all their pension contribution allowances or who may be close to breaching their pensions lifetime allowance. Despite these similarities, they each have some distinct features that may make one more suited than the other for individual investors. <a href="https://www.whatinvestment.co.uk/venture-capital-trusts-or-enterprise-investment-scheme-which-is-right-for-you-2615719/">For more information and to read the full article, please click here</a>

In the past 10 years the VCT and EIS markets have doubled in size as awareness of them has grown and the amount investors can save into pensions has been squeez read more

2% off the initial fee for Calculus VCT – limited time only!
Mar 18, 2019

Calculus Capital is to offer a flash discount of 2% off the initial fee, making it one of the most attractive in the current marketplace. Calculus will take 2% off their promoters fee, which is usually 5% for those applying direct and 3% for those applying through a professional adviser, providing a subscription is made by 3 April 2019. <a href="https://www.calculuscapital.com/2-off-the-initial-fee-for-calculus-vct-limited-time-only/">For more information and full article, click here</a>

Calculus Capital is to offer a flash discount of 2% off the initial fee, making it one of the most attractive in the current marketplace. Calculus will take 2% read more

EIS has cost the government £3bn in tax relief, so why has it become more generous?
Feb 27, 2019

The enterprise investment scheme (EIS) celebrates its silver jubilee this year. Announced by the then chancellor Ken Clarke in the Autumn Budget in 1993, the scheme was launched at the beginning of 1994. The benefits of the EIS have remained generous – in fact, they’ve become more generous. Until April 2011, the up-front tax relief was 20 per cent. Today it is 30 per cent. Those aren’t the only benefits: your investments are free of capital gains tax, you get loss relief, and your pot becomes inheritance tax free

The enterprise investment scheme (EIS) celebrates its silver jubilee this year. Announced by the then chancellor Ken Clarke in the Autumn Budget in 1993, the sc read more

Investing for a better world
Feb 14, 2019

You might argue that the most attractive thing about EIS and VCT funds is the raft of tax benefits that accompany them. They certainly are generous – both are CGT-free and offer 30% income tax relief. But focus too much on the tax and you might miss one of their most rewarding and exciting aspects. Those tax benefits exist because investors are putting their capital at risk. Small unquoted companies by their nature are higher risk than their large listed counterparts, however their potential to affect transformative change to an industry and provide impressive investor returns has long been proven. <a href="https://www.calculuscapital.com/investing-for-a-better-world/">For more information and full article, click here</a>

You might argue that the most attractive thing about EIS and VCT funds is the raft of tax benefits that accompany them. They certainly are generous read more

Venture Capital Trusts or Enterprise Investment Scheme – Which is Right for You?
Feb 14, 2019

In the past 10 years the VCT and EIS markets have doubled in size as awareness of them has grown and the amount investors can save into pensions has been squeezed. Both schemes were designed with the intention of directing private risk capital into small UK businesses and helping the British economy grow, so might be considered patriotic investments. Both offer attractive tax benefits and low correlation to mainstream, large-cap markets (like the FTSE 100), so can be attractive to investors who are looking to reduce tax bills, build diversification into their portfolios and are comfortable with the risks involved. VCTs and EISs are particularly useful for higher-rate taxpayers looking to reduce their income tax bill. They can help investors who want to save for retirement tax efficiently but have used all their pension contribution allowances or who may be close to breaching their pensions lifetime allowance. Despite these similarities, they each have some distinct features that may make one more suited than the other for individual investors. <a href="https://www.whatinvestment.co.uk/venture-capital-trusts-or-enterprise-investment-scheme-which-is-right-for-you-2615719/">For more information and to read the full article, please click here</a>

In the past 10 years the VCT and EIS markets have doubled in size as awareness of them has grown and the amount investors can save into pensions has been squeez read more

Calculus VCT appoints new chair creating all-female board
Feb 05, 2019

The board of the Calculus Venture Capital Trust has appointed Jan Ward as its chair when Michael O'Higgins steps down from the role later this year. Ward will become a non-executive director of the Calculus VCT from 1 March and will chair the board after the AGM, which is currently scheduled for 4 July. Ward is a mechanical engineer and the founder/CEO of global nickel supplier Corrotherm International. She has previously been a director of Woman in Business International and was named the UK's most inspirational female entrepreneur in 2009, before receiving a CBE for services to business in 2015. For more information and to read the full article, please <a href="https://www.investmentweek.co.uk/investment-week/news/3070431/calculus-vct-appoints-new-chair-creating-all-female-board?utm_medium=email&utm_content=&utm_campaign=IW.Daily_RL.EU.A.U&utm_source=IW.DCM.Editors_Updates&utm_term=GROWTH%20INVEST&im_company=GROWTH%20INVEST&utm_medium=email&utm_term=&im_edp=6257785-beb0ebdbc2f99563%26campaignname%3DIW.Daily_RL.EU.A.U">click here</a>

The board of the Calculus Venture Capital Trust has appointed Jan Ward as its chair when Michael O'Higgins steps down from the role later this year. Ward wil read more

Calculus Capital invests £2.5m in Essentia Analytics
Jan 28, 2019

EIS & VCT specialist Calculus Capital has invested £2.5m in fintech company Essentia Analytics (see photo), a leading provider of behavioural data analytics and consulting for professional investors. The investment by Calculus will be used to further develop Essentia’s services as it scales its client base of investment management institutions around the world. The firm’s Essentia Insight service – which is used by clients including active fund managers, chief investment officers, asset allocators and wealth managers – provides a continuous data-driven feedback loop, similar to those used by athletes. For more information and to read the full article, please <a href="https://www.angelnews.co.uk/blog/eis-seis/calculus-capital-invests-25m-in-essentia-analytics/">click here</a>

EIS & VCT specialist Calculus Capital has invested £2.5m in fintech company Essentia Analytics (see photo), a leading provider of behavioural data analytic read more

Calculus Capital invests £2.5m in Essentia Analytics
Jan 28, 2019

EIS & VCT specialist <a href="https://www.calculuscapital.com/">Calculus Capital</a> has invested £2.5m in fintech company Essentia Analytics (see photo), a leading provider of behavioural data analytics and consulting for professional investors. The investment by Calculus will be used to further develop Essentia’s services as it scales its client base of investment management institutions around the world. The firm’s Essentia Insight service – which is used by clients including active fund managers, chief investment officers, asset allocators and wealth managers – provides a continuous data-driven feedback loop, similar to those used by athletes. For more information and to read the full article, please <a href="https://www.angelnews.co.uk/blog/eis-seis/calculus-capital-invests-25m-in-essentia-analytics/">click here</a>

EIS & VCT specialist Calculus Capital has invested £2.5m in fintech company Essentia Analytics (see photo), read more

Calculus Capital extends zero initial fee VCT offer
Jan 23, 2019

EIS and VCT specialist Calculus Capital has extended the zero initial fees offer on its new VCT until the middle of February. The initial offer waived the industry standard promoter fees of between 3% and 5% to the end of 2018, but it is now extending that deal to subscriptions made before February 15th. The firm told GBI Magazine that the decision follows requests from advisers grappling with client tax returns and investors waiting for bonus cheques. For more information and to read the full article, please <a href="https://www.gbinvestments.co.uk/article/calculus-capital-2/">click here</a>

EIS and VCT specialist Calculus Capital has extended the zero initial fees offer on its new VCT until the middle of February. The initial offer waived the in read more

Calculus Capital Launches Zero Initial Fee VCT Offer
Nov 28, 2018

Enterprise Investment Scheme and Venture Capital Trust specialist Calculus Capital is to waive initial fees on its new VCT until the end of the year. The firm explained that most providers charge “promoter fees” of between 3% and 5% – Calculus will waive this fee if a subscription is made before the end of the year. Calculus launched its first VCT over a decade ago and it told GBI Magazine that its funds have consistently hit their dividend targets. The new Calculus VCT fund, which invests alongside Calculus EIS funds, is aiming to deliver an annual dividend of 4.5% from summer 2019. VCT investments attract 30% income tax relief if held for five years. Dividends are tax free too, and there is no capital gains tax on the sale of shares. For more information and to read the full article, please <a href="https://www.gbinvestments.co.uk/article/eis-and-vct-specialist-calculus-capital/">click here</a>

Enterprise Investment Scheme and Venture Capital Trust specialist Calculus Capital is to waive initial fees on its new VCT until the end of the year. The fir read more

John Glencross: Don't Mourn Death of Asset-Backed EIS Offerings
Mar 28, 2018

The US is usually seen as offering the global benchmark for innovation but, as John Glencross illustrates, the UK is now trumping the world's largest economy on several counts. Some advisers may be mourning the fact the door has now closed on asset-backed Enterprise Investment Scheme (EIS) offerings even if it should come as no surprise the government withdrew tax relief for low-risk investment. Nevertheless, this is a particularly exciting time for UK growth investing. The US is usually seen as offering the global benchmark for innovation and entrepreneurship, against which all other countries are measured - and usually fail. But the UK is now trumping the US on several counts. Between 2006 and 2016, the number of new businesses ‘born' in the UK rose by 62% - up from 256,000 to 414,000 a year. That is 45 new businesses every hour. By contrast, according to the latest figures available, the number of business births in the US fell by 25%, from 558,000 to 414,000 annually, between 2006 and 2015. This means the UK launched exactly the same number of new businesses in 2016 as the US did in 2015. Bear in mind, however, that our population is around 66 million compared to their 323 million. Admittedly, not all these new business owners are budding James Dysons but OECD numbers suggest a healthy proportion of new UK businesses are genuine start-ups. The UK leads the OECD nations in terms of the number of employer business births - though American start-ups still beat everyone in terms of job creation. The US and the UK are almost neck and neck in the World Bank ‘Doing Business' ratings on ‘ease of doing business' - the UK is seventh and the US sixth. When it comes to starting a business, however, the UK is 14th and the US 49th. Since 2015, there has been a 40%-plus decline in the number of angel and seed deals closed in the US, but late-stage deal values are at record highs. And there lies the challenge for both economies. In my opinion, Britain is a better place to start a business - and EIS investments are helping to create that environment, with almost £16.2bn raised for 26,355 individual companies since the scheme's launch in 1993. The greater access to later stage funding in the US may, however, be helping companies there scale up faster - hence the stronger record in job creation. <h4>Mitigating risk</h4> There are risks in investing in entrepreneurial growth companies. These are mitigated by the highly attractive tax benefits of EIS, including generous loss relief, which can be claimed as an income tax deduction. The potential returns of investing in exciting new businesses meanwhile can be attractive - and even more so on an after-tax basis. There are also inheritance tax and capital gains tax benefits too. <h4>Diversification Element</h4> EIS investments can also offer a useful diversification element within portfolios. During February's market upheaval, for example, our portfolio valuations barely flickered because most of the assets are in private equity and so less susceptible to short-term market volatility. What is most exciting about EIS investing at the moment, though, goes back to the UK v US comparison. Last year was a record year for Calculus, in terms of capital raised and businesses opportunities made available to us. We reviewed more than 500 companies, identifying 15 suitable opportunities - in which we were able to invest a total of £30m. These firms included Africa-focused marketing services company, Every1Mobile, whose clients include multi-nationals, NGOs and government departments; Cambridge-based Axol Bioscience, which supplies cell lines for research purposes to pharma companies and research organisations; and chip designer, Blu Wireless, supplying the 5G chip market. These investments illustrate the breadth of entrepreneurial businesses taking root in today's Britain. As highlighted by the government-commissioned Patient Capital Review, there is still much room for improvement in the provision of funding to growing UK companies - not least the need for more capital to support the scale-up of companies that have moved beyond the EIS and VCT stage. With the government focusing more on this issue, we may see Britain move even closer to becoming the entrepreneurial capital of the world. In our experience, many wealthier investors are excited to be part of this growth revolution. It is a virtuous circle where, done well, attractive returns are achieved while ensuring capital is available for the potential champions of tomorrow. Source: <a href="https://www.professionaladviser.com/professional-adviser/opinion/3028872/john-glencross-dont-mourn-the-death-of-asset-backed-eis-schemes">Professional Adviser</a> <a href="https://www.professionaladviser.com/professional-adviser/opinion/3028872/john-glencross-dont-mourn-the-death-of-asset-backed-eis-schemes">Click here</a> to access the full article.

The US is usually seen as offering the global benchmark for innovation but, as John Glencross illustrates, the UK is now trumping the world's largest economy on read more

CEO of Calculus Capital, John Glencross Features on the First Episode of the Adviser Hour
Feb 23, 2018

<h4>John Glencross features on the very first episode of the Adviser Hour <em>The Current Tax-Efficient Landscape</em></h4> <a href="https://webinars.growthinvest.com/archives/episode-1/">The episode</a> welcomed viewers into the realm of tax-efficient investments as episode 1 provided an overview of the tax-efficient investing landscape including the changes that were brought about by the Patient Capital Review, to better channel the true 'spirit' of EIS & VCTs. You are able to watch the panel discussion on demand by <a href="https://webinars.growthinvest.com/archives/episode-1/">clicking here</a>, featuring John Glencross along with guests from GrowthInvest, the EIS Association, Par Equity and Foster Denovo who assessed tax-efficient investment's current landscape. Below you can watch John Glencross's interview with Adviser Hour host Lawrence Gosling: <center><div style="width: 50%; text-align: center;"> <video width="450" height="225" controls="controls"><source src="https://s3.amazonaws.com/growthinvestlivesite/Episodes/Episode1/John+Glencross+Calculus+Capital+-+Episode+1.mp4" type="video/mp4"></video></div></center> To watch the full episode or panel discussion we welcome you to do so by <a href="https://webinars.growthinvest.com/archives/episode-1/">clicking here</a>. To learn more about Calculus Capital's VCT, <a href="https://growthinvest.com/investment-opportunities/vct/calculus-vct/">click here</a>, and feel free to contact the GrowthInvest team with any queries you may have by <a href="mailto:enquiries@growthinvest.com">email</a> or by telephone on 020 7071 3945.

John Glencross features on the very first episode of the Adviser Hour The Current Tax-Efficient Landscape
read more

Calculus Capital Invests in Axol Bioscience
Sep 01, 2017

Calculus Capital invests - a leading EIS and VCT investor, has completed its third deal in two weeks as they invest £2.5m in Cambridge-based Axol Bioscience (Axol), a provider of stem cells. Founded in Cambridge by Dr Yichen Shi together with experienced entrepeneur and 2017 NED of the year, Johnathon Milner. Read the full article <a href="https://www.calculuscapital.com/calculus-capital-invests-2-5m-in-axol-bioscience/">here. </a> Source: <a href="https://www.calculuscapital.com/">Calculus Capital</a>

Calculus Capital invests - a leading EIS and VCT investor, has completed its third deal in two weeks as they invest £2.5m in Cambridge-based Axol Bioscience (A read more

Calculus Capital Invests in Axol Bioscience
Aug 15, 2017

Calculus Capital invests - a leading EIS and VCT investor, has completed its third deal in two weeks as they invest £2.5m in Cambridge-based Axol Bioscience (Axol), a provider of stem cells. Founded in Cambridge by Dr Yichen Shi together with experienced entrepeneur and 2017 NED of the year, Johnathon Milner. Read the full article <a href="https://www.calculuscapital.com/calculus-capital-invests-2-5m-in-axol-bioscience/">here. </a> Source: <a href="https://www.calculuscapital.com/">Calculus Capital</a>

Calculus Capital invests - a leading EIS and VCT investor, has completed its third deal in two weeks as they invest £2.5m in Cambridge-based Axol Bioscience (A read more

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This Agreement sets out the entire understanding between us and you and supersedes any previous terms and conditions which may have been displayed on the Platform or provide by EISP to you. The Platform includes other information and materials however these DO NOT form part of this Agreement. Your use of the Platform and any services that may be provided by EISP is conditional upon your acceptance of this Agreement. In the event that you do not agree with these terms you should cease to use the Platform and any other services provided by EISP immediately. In the event of any conflict between these these terms and the conditions set out in any Subscription Agreement, the Subscription Agreement shall prevail.

In fulfilling the services to be provided by EISP in relation to this Agreement, you may also need to agree to terms and conditions of third-parties, these may include the Nominee and /or the Manager of a Fund. In such circumstances the terms and conditions imposed by these third parties will be made available to you for review and approval before the subscription process for an Investment is completed. These are important documents and will include details of management and other fees that will be payable by you and should therefore be reviewed carefully. You should note that EISP is acting as a gateway to the services provided by these third parties and we accept no liability whatsoever for any of their acts or omissions.

From time to time we may make changes to these terms, for example due to changes in legislation or changes in our business requirements. We will endeavour to provide with 30 days’ notice of any changes, however this may not always be possible if the change is because of a change in legislation, or by a regulator or in some instances for operational reasons. We will however endeavour to always let you know as soon as reasonably practical. Any new version of these terms displayed on the Platform will automatically replace any previous version.

EISP does not provide you with any advice (this includes taxation advice, investment advice, legal advice or any other advice connected with any services it may provide or offer, or transactions that take place via its Platform. You warrant to us that in the event that you enter into any Investment opportunity that may be made available on the Platform from time to time you are doing so entirely based upon your own assessment of the risks and effects associated with such decision.

If you are an individual EISP will treat you as a “retail” client for the purposes of the Financial Conduct Authority rules (you can review details on their website www.fca.org.uk) unless we advise you otherwise. During the registration for the Platform you will may have provided answers to questions that allow you to provide self-certification. You warrant to us that any answers you provided were provided entirely by you and without any help from anyone else, that they are accurate and genuinely apply to you. In the event that your circumstances change or you wish to change your client classification you should advise us. While we will consider your request, we are not bound to accept it.

YOUR INVESTMENT DECISION

All decisions as to whether to subscribe or make an Investment are at all times your sole responsibility. Furthermore, while we or third parties may make information available in relation to any Investment opportunity we are not responsible for (i) the accuracy or completeness of any such information; (ii) providing you with any advice with regards to the merits, risks, suitability, appropriateness or consequences of any Investment; (iii) undertaking any due diligence in relation to the Investment or checking or confirming any information that may have been provided to EISP, or third-parties acting on its behalf, in order to categorise a due diligence level on the Platform; or (iv) the provision of any activity whatsoever that could constitute the provision of investment services to you.

You acknowledge that EISP has no responsibility for monitoring the performance of any Investment or any ongoing service that may be provided to you by your financial advisor and that we have no liability for any losses you may suffer as a result of any advice provided to you by any third party, including your financial advisor. Furthermore, you acknowledge and accept it is your responsibility to keep your financial circumstances and objectives under review and confirm that we have not provided you with any investment advice, taxation advice, or recommendations in respect of the Investments.

You confirm that you have read and understood the risks warnings associated with making an Investment and appreciate that the nature of the Investments on the Platform make them unlikely to be readily realisable, i.e. they may be difficult or impossible to sell.

Once you have submitted your Subscription Agreement and provided the Subscription Funds it can’t be cancelled. If your circumstances change and you change your mind with regards to an Investment, please let us know as soon as possible. We are unable to provide you with any guarantee but if your Subscription Funds have not been invested we may be able to return them less any fees and expenses we incur or which may be levied by us, the Nominee or Manager.

SERVICES PROVIDED BY EISP AND VIA THE PLATFORM

We will only start to provide services once we have received your duly completed Subscription Agreement and we have successfully and to our satisfaction undertaken the customer due diligence checks required by any applicable rules and have received your cleared Subscription Funds. We reserve the right not to accept any Subscription Agreement at our option for any reason we may decide and acting in good faith. In the event that EISP rejects a Subscription Agreement for any reason it will arrange to return any Subscription Funds paid in respect of such Investment opportunity as soon as reasonably possible.

The due diligence procedures referred to in Clause 3.1 above include requiring proof of your identity and of your address. We may undertake an electronic search for the purposes of verifying your identity and address. To do so, we may check the details you supply against your particulars on any database (public or otherwise) to which we have access. We may also use your details in the future to assist other companies for verification purposes. A record of this search will be retained. If we cannot verify your identity, we may ask you to provide, among other things, a recent, original bank statement and an original HMRC Tax Notification, or a copy of your passport certified by a bank, solicitor or accountant or a client verification certificate from your Financial Advisor. By accepting the Agreement, you consent to EISP carrying out the checks referred to in Clause 3.1 above, and you agree that we may pass on such information as we consider necessary to comply with any such regulatory requirements.

You warrant that any Subscription Funds you provide belong to you and that any Investments will belong to you and shall at all times belong to you and shall remain free of any charge, lien or pledge. You also warrant that all information you provide to us is accurate and complete in all material respects and confirm that you will notify us as soon as possible in the event of you becoming aware of any inaccurate or incomplete information you may have provided to us.

We will acknowledge receipt of your Subscription Agreement and once we have received cleared Subscription Fund we will begin the investment process or its co-ordination in accordance with the timescales indicated on the Platform or in the Prospectus or as we may otherwise advise in relation to a particular type of Investment. It should be noted that for certain types of Investments, e.g. Funds the investment process will be undertaken by the Manager.

EISP currently offers, via its Platform, various Investment opportunities for investors to invest in tax efficient structures regulated by the FCA – these include:
EIS Investments;

SEIS Investments;

EIS and SEIS Funds;

Investment Trust;

Bonds;

Discretionary Management Services; and

Companies or special purpose vehicles.

The Platform offers the opportunity for making Investments in companies or Funds which may include Qualifying Investments. However, EISP does not give any guarantee or make any representation that any such Investment will remain a Qualifying Investment. Any taxation which may become payable in relation to any Investment or the disposal thereof shall be your responsibility. For the avoidance of doubt, in the event that an Investment ceases to be a Qualifying Investment then it shall be your liability to account to HMRC for any tax liability that may arise and EISP shall not in any way be liable for any tax liability that may arise.

We will accept the transfer of your existing investments from other managers so that they can be viewed on the Platform. If you want to transfer investments from another manager you will need to complete a transfer of authority form and return it to us. Please contact us if you are interested in making a transfer.

Any Investments you hold on the Platform, including any share certificates, title of ownership or related documents will be held in the name of the Nominee. Any Subscription Funds you provide will be sent directly to the Nominee and not to EIS. We will, keep or procure that the Nominee keeps records to show that you are the beneficial owner of the Investments and/ or Subscription Funds. You confirm that you consent to the Investments being held in the name of the Nominee.

You consent to receiving statements, reports or other information that may be provided in relation to any Investment being provided via the Platform and for copies of the same to be made available to EISP. EISP will use its reasonable endeavours to make all such information in relation to an Investment available for review on the Platform.

Fees due to EISP will be charged to the Investee Company or Manager on the Closing Date or, if different, the date that the Investment process is completed. In some circumstances an Investment may be subject to annual charges, initial charges and success fees, details of which will be set out in the Prospectus. Furthermore, in the event that you have engaged the services of a financial advisor they will typically be due an advisor fee and should have provided you with information concerning the basis of their charges. In each of these circumstances you give EISP authority to deduct, or instruct the Nominee, to deduct any fees or charges, with any appropriate taxes applied e.g. value added tax, that may be due to it or a third party from any Subscription Funds held by the Nominee.

LIABILITY

We will always aim to act in good faith and with due diligence in the provision of our services. Nothing in this Agreement will operate to exclude or restrict EISP’s liability for death or personal injury caused by its, its employees or subcontractors negligence. Furthermore, nothing in this Agreement shall operate to restrict EISP’s liability relating to fraud, wilful default or fraudulent misrepresentation, or any liability that cannot be excluded by law.

Subject to clause 4.1 above, EISP has no to liability to you, whether in contract, tort (including negligence), breach of statutory duty or otherwise, for any loss of profits, or for any indirect or consequential loss or cost which you may suffer or incur arising out of our acts or omissions, however that loss, liability or cost is caused and regardless of whether it was foreseeable or not.

EISP shall have no liability for the actions and/omission of any third party that acts as Nominee, Manager, or any other person or entity that holds money, investments or documents of title in any Investment or Investee Company.

EISP we will not be liable for any loss in value which any Investment may suffer, loss of any tax benefits howsoever caused, or for our failure to process any instruction to make an investment or for any failure, interruption or delay in the performance of our obligations resulting from acts, events or circumstances that are not reasonably within our control. Acts, events or circumstances that are not reasonably within our control, may for example, include: the acts or regulations of any governmental, supranational body or authority; breakdown, failure or malfunction of any telecommunications or computer service or services; disruptions to stock markets and acts of war, terrorism, civil unrest or natural disaster.

TERM AND TERMINATION

This Agreement shall commence on the date that it is accepted by you by providing confirmation via the Platform and shall continue until such time until the Investment has been disposed of unless terminated earlier in accordance with the provisions set out in this section 5.

By either party in the event that EISP ceases to be permitted by law or authorised as an Authorised Representative Firm to provide the services contemplated by this Agreement.

At any time, by EISP, by giving you not less than one months’ written notice of termination.

With the prior consent of EISP and the Nominee in the event that you wish to have all the Investments transferred into your name personally or to a different provider of custody, administration and Investment account.

By you in the event that EISP is dissolved or ceases to trade.

By either party in the event that the other has committed a material breach of the Agreement, has been requested to rectify it and has failed to do so within 10 Working Days of the receipt of the request.

Upon termination of this Agreement the Investments will still be held be in the name of the Nominee and you should refer to their terms and conditions if you wish to transfer the Investments into your name personally or to a different provider of custody, administration and Investment account.

Termination of this Agreement shall be without prejudice to any rights that may have accrued to any Party against the other before termination became effective. Furthermore, the terms of the Agreement will continue to apply until all outstanding transactions have been completed and discharged.

CONFIDENTIALITY

Except as provided by Conditions 6.2 and 6.3, each Party shall at all times during the term of the Agreement and after the termination or expiry of the Agreement:

treat in confidence the other's Confidential Information and not disclose the other's Confidential Information to any other person; and

not use any Confidential Information for any purpose other than for the performance of its obligations under the Agreement.

Any Confidential Information may be disclosed by the Party to whom it is disclosed or to whose attention it comes (the “Recipient”) to:

any court, governmental or other authority or regulatory body (including, without limitation, the FCA);

any employees, agents, consultants or sub-contractors of the Recipient; or

the Nominee (or any replacement provider of the Investment account), and any authorised agent acting for either of them from time to time in relation to the matters with which the Agreement is concerned, to such extent only as is necessary for the purposes contemplated by this Agreement, or as is required by law, and subject in each case to the Recipient using its reasonable endeavours to ensure that the person to whom it discloses Confidential Information keeps the same confidential.

Subject to Condition 6.2, any Confidential Information may be used by the Recipient for any purpose, or disclosed by the Recipient to any other person, to the extent only that:

it is at the time that this Agreement commences, or thereafter becomes, public knowledge through no fault of the Recipient (provided that in doing so the Recipient shall not disclose any Confidential Information which is not public knowledge); or

it can be shown by the Recipient, to the reasonable satisfaction of the disclosing Party, to have been known to the Recipient (other than as a result of a breach of confidence) prior to its being disclosed by the disclosing Party to or otherwise coming to the attention of the Recipient under or in connection with this Agreement.

Upon termination or expiry of the Contract, each Party shall ensure that all Confidential Information belonging to another Party (in whatever medium the same is recorded or held) is returned, deleted or destroyed according to the written instructions of the other Party save that copies of any documentation may be retained by a Party where it is necessary in order to fulfil a regulatory or legal obligation to keep such records.

COMPLAINTS

We believe you deserve a courteous, fair and prompt service. We strive to treat all our customers fairly.

If you feel something isn’t right then please let us know by emailing us at complaints@growthinvest.com. Or if you prefer to telephone or write our details are on our contact page.

If there is an occasion when our service does not meet your expectations please contact us to help us deal with your issue quickly and effectively. As an Appointed Representative firm, we are obliged to follow best practice and the FCA guidelines. These are available here (https://fshandbook.info/FS/html/FCA/DISP).

When we receive your complaint we will respond within 7 Working Days via email or if the complaint was by letter, the reply will be sent first class on the 7th Working Day after the complaint was received. We will acknowledge the complaint within 5 business days of receiving it and keep you informed of progress and do our best to resolve matters to your satisfaction within 8 weeks. If we are unable to do this, you may be entitled to refer the complaint to the Financial Conduct Authority or Financial Ombudsman Service.

GENERAL

No failure on the part of either party to exercise, and no delay on its part in exercising, any right or remedy under this Agreement shall operate on a waiver thereof, nor shall any single or partial exercise of any right or remedy preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights and remedies provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law.

Each of the provisions in this Agreement are separate and severable and enforceable accordingly and if at any time any provision is adjudged by any court of competent jurisdiction to be void or unenforceable the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby.

EISP represents and warrants that it shall act in compliance with any FCA rules that may apply to it from time to time relating to its handling of conflicts. EISP implements and maintains a conflicts of interest policy and will make a copy available on request. EISP may hold investments in any Investee Company and may provide them with other services to support their business.

EISP may assign this Agreement in whole or part and at its sole discretion to any other group company. EISP will advise you if it makes any such assignment. This Agreement is personal to you and may not be assigned by you. We may delegate any of our functions under these terms to a third party of our choosing which is competent (and if relevant, appropriately regulated) to perform such functions.

Nothing in this Agreement shall be construed to create a partnership, agency or joint venture between the parties.

A person who is not party to this Agreement has no rights under the Contracts (Right of Third Parties) Act 1999, to enforce any of its provisions.

This Agreement contain all of the terms agreed upon or made by the parties relating to the subject matter of this Agreement, and supersede all prior and contemporaneous agreements, negotiations, correspondence, undertakings and communications of the parties, oral or written, respecting such subject matter.

Each of the provisions in this Agreement are separate and severable and enforceable accordingly and if at any time any provision is adjudged by any court of competent jurisdiction to be void or unenforceable the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby.

EISP represents and warrants to you that it is appropriately registered under the DPA for all purposes related to the performance of its obligations and functions under this Agreement, and further represents and warrants that it shall maintain such registration, comply with all applicable data protection legislation during the term of this Agreement. Further details in relation to our storage and use of personal data is set out in our privacy policy.

NOTICES

EISP may send any communications to you at the address which you provide to us in the application form (or to any other address that you may notify to us in writing from time to time). You may communicate with us at the address at the bottom of these Terms.

Notice sent by first class post is deemed to have arrived on the second business day after posting. Notice sent by fax or email or hand delivered is deemed to be delivered immediately (or on the next business day if sent after 5pm on a business day or on a day which is not a business day). Telephone calls may be recorded or monitored for our mutual protection.

GOVERNING LAW AND JURISDICTION
This Agreement shall be governed by and construed in accordance with English law and the parties agree to submit to the exclusive jurisdiction of the Courts of England and Wales.

OUR DETAILS

The Platform is owned and operated EIS Platforms Limited. If you have any questions in relation to its use or contact details are set out below.

GrowthInvest
Candlewick House
120 Cannon Street
London
EC4N 6AS
United Kingdom

Email: enquiries@growthinvest.com
Telephone: 020 7071 3945

Decline
GrowthInvest is a trading name of EIS Platforms Limited. EIS Platforms Limited (FRN: 694945) is an appointed representative of Sapphire Capital Partners LLP (FRN:565716) which is authorised and regulated by the Financial Conduct Authority in the UK.
All rights reserved 2024 @ growthinvest

Calculus Capital