Foresight launches Planned Exit VCT Fund to target UK Environmental Infrastructure sector

Share on

Foresight Group ("Foresight"), a leading alternative asset manager, today announced the launch of a £20m new Venture Capital Trust ("VCT") share class offer through its Planned Exit VCT Fund, providing private investors with a tax efficient opportunity to target unquoted companies predominantly in the environmental infrastructure sector.

In addition to offering individuals one of the few remaining Government approved tax breaks providing 30% income tax relief, tax-free dividends and tax-free capital growth*, the offer will also enable individuals to invest in a range of environmental infrastructure businesses, including those which focus on renewable energy, recycling and combined heat and power plants.  The Planned Exit VCT Fund, which has a minimum investment size of £3,000, will have a five year capital repayment timetable and a target return of £1.10 per share. Up to 90% of loan stock in the portfolio will lower the risk profile, underpinning the dividend target, whilst providing greater downside protection.

Mike Currie, Group Sales Director at Foresight said:
"With British taxpayers facing a higher rate of income tax and reduced personal tax allowances, VCTs are one of the few remaining tax breaks available today.  The Foresight Planned Exit VCT Fund offers three key features: diversification, liquidity and regular tax-free income distributions and is designed to take advantage of market lows and profit from the financial downturn.  In addition, our track record of identifying burgeoning businesses which operate within the growing environmental infrastructure sector makes this a compelling opportunity for private investors."

* The 30% relief applies to all UK taxpayers on the amount subscribed up to £20,000 in any one tax year.  The relief is retained provided that shares in a VCT are held for 5 years, subject to the VCTs retaining their status.