Тhe EIS Fund

KEY ELEMENTS OF OUR EIS FUND
The SidebySide EIS Venture Fund invests in fast-growing technology-enabled businesses with £1-10 million in revenue. These more established companies will usually be at least several years old and typically have over 30 employees. We look for companies where there is evidence of a strong customer acceptance of the product and service offered, and where we believe we can add substantively to the knowledge and experience of the management team as the company grows.
KEY INFORMATION
Fund Type
Evergreen EIS Fund
Sector
Fast growth, technology enabled businesses
Strategy
Capital Growth
Min Investment
£10,000
Portfolio Size
Up to 10 companies (investment in 3-5 companies per deployment)
Deadline
1st April 2021 for 2020/21 deployment (The Fund can accept investments throughout 2020/21)
Duration
The expected life of an investor’s portfolio is five to eight years
Investment Size
Initially investing from £200,000 to £1,000,000 per company with expected multiple follow ons
Target Return
£3 for every £1 invested (after eight years)
Target Time to Full Investment
Target 12 months (but with carry back to 2019/20 for subscriptions received by 1st April 2021)
BENEFITS OF EIS
  1. Income tax relief at 30% and carry back also available
  2. Tax free capital gains on the investments within the Fund
  3. Capital gains tax (CGT) deferral of any existing CGT bill
  4. Inheritance tax relief provided the investments are held for two years and are held at time of death
  5. Loss relief which can be taken as a deduction against future income or a capital gain

WHY INVEST IN OUR EIS FUND?

  • Focus on more established but fast-growing, EIS businesses already making millions in revenue before we invest.
  • Strong track record of the Funds founder John Bailye, a serial entrepreneur who has helped grow and build a number of successful multimillion and billion-dollar businesses.
  • Hands on model: we spend up to two days a month with each portfolio company helping to ensure they reach their potential.
  • Co-investment: we believe in what we do and so have and will continue to invest our own money in the Fund to align our interests with that of our Investors.
  • Transparency: we provide investors quarterly performance reports on all their portfolio companies.
  • To allow for tax relief on 100% of the investment we do not charge any of our fees to the investor. Investors will only pay performance fees once 150% of their invested funds have been returned.

TRY OUR FUND RETURN CALCULATOR

The investments referred to in this website are not suitable for all investors. The SidebySide Partnership International Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the SidebySide EIS Venture Fund. An investment the SidebySide EIS Venture Fund may only be made on the basis of reading in full the information set out in the relevant Information Memorandum.

When investing in the Fund, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS unless you can afford to lose some or all of your capital.

An EIS investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made by the Fund will be in unquoted companies, this may not be possible. Withdrawal within three years would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.