We are pleased to introduce the Mercia Knowledge-intensive Impact Fund, investing in 8 to 12 knowledge-intensive EIS qualifying companies.

The fund will aim to triple invested capital in 5-7 years, including tax reliefs.

As an HMRC approved knowledge-intensive EIS fund, it will allow investors to claim income tax relief up to one year from when the fund closes.

The fund is open and will close on the 4th April 2022, enabling income tax carry-back to the 2020/21 tax year.

Capital at risk. Please see full risk information below

 

Download investment documents

Key features

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Portfolio of 8-12 companies

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A knowledge-intensive approved EIS fund

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Target 3x invested capital

cash

£10,000 minimum subscription

hold

5-7 year holding period

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Closes 4th April 2022

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Investor portal access

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EIS5 available

Knowledge-intensive approved

The main attraction of an HMRC approved fund is that it enables more confidence in tax planning, and by requiring only a single tax certificate, it reduces administration.

When a client invests, you can claim up to 30% income tax relief on EIS investments in the year they invest or carry back to the previous tax year. This is because the investment date for income tax purposes is the date the fund closes, rather than when the funds are deployed.

As usual with EIS, capital gains deferral (of any size) can be made up to three years before and one year after the EIS investment. You can defer a gain even if you have already paid the tax. The vast majority of EIS-qualifying investments attract 100% Inheritance Tax relief via Business Relief.

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Investing with impact

We have been investing responsibly since 1982, and now is the right time to actively move into the Impact investment space.  We are supported in this by our broad in-house expertise, including from Jill Williams, our investment director who heads up our Responsible Investing initiative.
 
This fund will be focused on investing in mission-led companies, of which we have many in our portfolio and we regularly see new companies, which will target the following UN sustainable development growth (SDG) goals
healthcare

Good Health & Well-Being

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Decent Work & Economic Growth

justice-scale

Reduced Inequalities

Briefing on the Knowledge-intensive fund

 

Our briefing webinar is led by Investment Director, Jill Williams and Head of Investor Relations, Dr. Paul Mattick.

What to expect:

  • A high-level briefing on Mercia‘s Knowledge-intensive Impact fund
  • How our approved fund allows income tax carry-back to 2020/2021
  • Key details of the fund
Untitled design (1)

Jill Williams, Investment Director

Untitled design (2)

Dr. Paul Mattick, Head of Investor Relations

Information and Risk Warning:

Please note: Past performance is not necessarily a guide to future performance. The value of an investment may go down as well as up, in which case an investor may not get back the amount invested. Investments in small unquoted companies carry an above-average level of risk. These investments are highly illiquid and as such, there may not be a readily available market to sell such an investment. Where an investment is denominated in a currency other than Sterling then changes in the exchange rate between currencies may adversely affect the value of that investment. You or your adviser must provide evidence that you meet the qualifying criteria, such as “high net worth” or “sophisticated investor” certification with your application.

Mercia Fund Management Limited, a subsidiary of Mercia Asset Management PLC, is the manager of the EIS fund and is authorised and regulated by the Financial Conduct Authority.