Evolve Media EIS Portfolios remain open until mid-March 2018

Richard Cook



With a shortened timeframe for investing brought about by Royal Assent on 2017 Budget announcements, demand for the EIS looks set to increase.

 

Decisions around investment in Enterprise Investment Schemes (EIS) are a key consideration for advisers and clients in the run up to the tax year-end. Bringing the opportunity to invest in growing firms and a range of tax benefits, EIS can be a valuable tool for investors.

This year, the annual process is further concentrated by the knowledge that Royal Assent for last year’s Budget announcements on EIS is expected to come into force from mid-March. While EIS is set to remain a key part of the investment landscape it will be continuing in a different form.

After that point we can expect a period of adjustment as firms, advisers and clients usher in the next phase of EIS. Accordingly, over the next six weeks and ahead of the mid-March deadline, clients will appreciate advisers’ efforts in helping them make investments into existing EIS vehicles.

This will ensure that funds are invested into qualifying companies already granted advance assurance by HMRC and unaffected by new legislation. With the shortened timeframe, advisers will be looking at EIS specialists with products where there is clear indication of value, and a simplified investment process.

The Evolve Media EIS Portfolios from Blackfinch are one such offering. The recent success of one their portfolio companies – First Score Music (FSM) – illustrates the potential benefits of investing in an EIS focused on the media and entertainment sectors.

FSM owns the rights to the film score for the multi-Golden Globe winning film Three Billboards Outside Ebbing, Missouri. The film has achieved a high profile through its awards success, and is now set for wide theatrical and online distribution. FSM’s ownership of the score, secured for the next 70 years, represents the kind of predictable revenue stream in which the Evolve Media EIS Portfolios specialise.

In managing the Evolve Media EIS Portfolios, our investment team applies its expertise in the media and entertainment sectors to identify, analyse and invest in fast-growing companies that can offer these opportunities to investors.

Whether they are companies focused on music publishing or television rights distribution, they are united in being firms with strong management teams that are well placed to deliver predictable levels of income.

The Evolve Media EIS Portfolios remain open for investment. With our strong customer focus we know that advisers and clients may require extra support at this point in the year. Customers can be assured of a quick response to enquiries and the streamlined investment process that applies to all Blackfinch products.

A caveat is that with Royal Assent effectively bringing the tax year-end forward by two weeks, demand is set to intensify. Advisers and clients will need to move swiftly to take up the remaining capacity in the Evolve Media EIS Portfolios.