EIIS Tax Relief Investment 2018

October 25, 2018

Harvest News

THE 12th GREEN EII FUND – TAX RELIEF INVESTMENT OPPORTUNITY

The 12th BVP Green EII Fund provides eligible investors with the opportunity to avail of up to 40% income tax relief and provides the investor access to a portfolio of growing companies. The Fund will be managed by BVP Investments Limited.

EXPERIENCED INVESTMENT MANAGER

BVP Investments Limited t/a Business Venture Partners (“BVP”) is an EII fund manager based in Dublin. BVP is authorised under the Investment Intermediaries Act, 1995 and regulated by the Central Bank of Ireland. Since 2007, BVP has proven experience in selecting and managing high quality investment opportunities on behalf of its investors. BVP manages funds totalling €23 million for BES/EII investors and have invested in 25 innovative BES/EII qualifying companies, in addition to two EII-qualifying wind farms. BVP see approximately ten companies for every investment made. Since 2014, and have returned €3.9 million to our BES/EII investors.

INVESTMENT STRATEGY

The primary objectives of the Fund are to provide Investors with the opportunity to invest in selected Qualifying Companies and therefore benefit from the tax relief provisions of the EII Scheme and the expected growth in the value of the shares from the date of investment to the date of realisation. BVP intend providing investors with a balanced portfolio of trading companies which are export led and which promote sustainability and resource efficiency.

THE FUND

Application has been made for the 12th BVP EII Fund (“the Fund”) to be approved by the Revenue Commissioners under the Employment and Investment Incentive (“EII”) scheme. EII is a tax relief incentive scheme, which enables investors to deduct the cost of their qualifying investment from their total income for income tax purposes.
The 12th BVP EII Fund provides eligible investors with the opportunity to avail of up to 40% income tax relief and provides the investor access to a portfolio of growing companies.

Key Attractions of Tax Relief Investment

Access to a portfolio of companies and renewable energy projects that will diversify your investment portfolio.
Avail of one of the few remaining income tax reliefs with relief available of up to 40% to qualifying investors.
Regular reports for investors and an investor conference held every year to update our existing investors.

Investment Portfolio Companies

Smartzone is a technology company that deepens the connection between people and the things that they care most about; their families, their homes and their businesses. Through their cutting edge technology, Smartzone powers smart homes and businesses in Ireland. Committed to improving energy efficiency and delivering savings to customers, Smartzone’s technology connects a broad range of products and devices across energy management, water security, and home security.

Timoleague AgriGen has developed an Anaerobic Digestion (AD) plant in County Cork. Anaerobic Digestion is the process in which organic matter such as animal or food waste is broken down to produce biogas for electricity and bio fertiliser. Construction commenced in June 2018 and the plant will be in production in January 2019. The biogas produced
at the Timoleague plant is used to produce green electricity sold to an energy utility company.

Urban Volt’s Light as a Service model delivers energy efficiency projects for no upfront cost to clients. They retrofit commercial premises with LED lighting for zero capital expenditure, while also cutting operational expenditure and reducing energy usage. They manage the installation and maintain the fittings for 5 years, after which clients keep the lights and all the savings.

HealthBeacon is a digital health company that has developed a digitally-connected bin for the disposal of medicinal injections used in patients’ homes. The HealthBeacon unit is a physical product for use at home by patients with chronic or rare conditions. The HealthBeacon replaces conventional sharps waste-disposal bins with a patient support tool to help patients treat, control and manage critical conditions.

Key Risks

Medium to long term investment, no early exit mechanism. The typical investment period is between 4 and 7 years.
Investors are exposed to the performance of the companies and projects in which the scheme will invest and investors may lose some/all of the capital invested.
There is no guarantee that the Fund will achieve its investment objective.
A more detailed list of risks associated with this investment are set out in the Information Memorandum of the Fund and should be read carefully.

REGULATORY STATUS

BVP Investments Ltd is approved under Section 10 of the Investment Intermediaries Act 1995.
The fund Information Memorandum each year is approved by the Department of Business, Enterprise and Innovation.
The fund is approved each year by the Revenue Commissioners in accordance with Part 16 of the Taxes Consolidation Act 1997.

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BVP is regulated by the Central Bank of Ireland and BVP’s EII Fund has applied for approval by the Revenue Commissioners.
Past performance is not a reliable guide to future performance. The value of your investment may go down as well as up. There is no guarantee that the Fund will meet its target objectives. All terms and conditions and a comprehensive list of risks attaching to this investment are set out in the Information Memorandum for the Fund which investors should read and fully understand prior to making a decision to invest.
BVP recommend that potential investors should seek professional tax advice before subscribing having regard to the risks involved, their own financial circumstances and their tax position.

This marketing information has been provided for discussion purposes only. It is not advice, it is provided for general information purposes only and does not fully take into account your financial position, investment needs and objectives, attitude to risk, liquidity needs, capital security needs, capacity for loss, etc. It should therefore not be relied upon to make investment decisions. Prior to any formal investments taking place you will be provided with a detailed suitability letter taking into account all the above and outlining why the investment(s) are (not) suitable for you.

The particular tax treatment contained herein is based on Harvest Financial Services Limited’s understanding of current Revenue practice as at November 2018. Please note that the tax treatment depends on the individual circumstances of each client and may be subject to change in the future. You should take such independent tax advice as you deem appropriate.

Warning: If you invest in this product you may lose some or all of the money you invest.

Please note that the provision of this product or service does not require licensing, authorisation, or registration with the Central Bank of Ireland, and as a result, it is not covered by the Central Bank’s requirements designed to protect consumers or by a statutory compensation scheme.

Warning: The value of your investment may go down as well as up.

Warning: If you invest in this product you will not have any access to your money for the length of the investment.