Tax-Efficient investment specialist Deepbridge Capital has announced a partnership with leading science and technology campus Sci-Tech Daresbury with the launch of the Deepbridge Sci-Tech Daresbury SEIS.
By offering investors the potential tax incentives available via the Seed Enterprise Investment Scheme, Deepbridge will seek to provide seed funding across a diversified portfolio of exciting young companies based at Sci-Tech Daresbury. Companies may be able to raise up to £150,000 each.
SEIS offers a number of potential tax reliefs to investors including up to 50 per cent income tax relief, up to 50 per cent capital gains tax write off, inheritance tax exemption, capital gains free growth and loss relief.
Ian Warwick, Managing Partner at Deepbridge Capital, commented:
“Sci-Tech Daresbury has developed a reputation over decades of providing innovative technology businesses with the best possible start to life amongst a supportive and collaborative group of like-minded entrepreneurs and professionals.
“Investors are crying out for credible SEIS investment opportunities. By enabling invested companies to take advantage of the facilities and support at Sci-Tech Daresbury, we are seeking to provide investors with seed investments that stand the very best chance of succeeding.”
John Downes, Managing Director of Langtree and Chairman of the Sci-Tech Daresbury joint venture company, added:
“Sci-Tech Daresbury provides a fantastic business environment that enables high-growth technology SMEs to survive and thrive. A key element in this is helping companies access funding. The establishment of the Deepbridge Capital-Sci-Tech Daresbury SEIS is therefore very important to assist our early stage companies in getting access to seed investment and we are therefore delighted to be working with Deepbridge Capital on supporting the success of this new SEIS.
“Deepbridge Capital like ourselves are focused on what matters to business – growth and job creation, and therefore enabling technology businesses do what they do best – innovate. I believe this initiative will help some of our world class, cutting-edge businesses which already see strong sales growth rates of 30 per cent per year, to take the next step in their development and access the investment they seek to achieve their ambitions.”
The Deepbridge Sci-Tech Daresbury SEIS is expected to be open to investors and financial advisers in 2017.