This fund will be closing on 15 March 2020 for deployment in the current tax year. This will allow investors to offset the tax relief against their income tax liability for 2018-19 or 2019-20.
Newable will be targeting a portfolio of 7-10 companies per subscription. They currently have £350,000 remaining for this tax year. If you would like to invest your clients’ EIS allocation with Newable, you’re advised to let them know as soon as possible.
Newable in Numbers:
- Established in 1982
- Over 350 employees across the UK
- Net assets of over £60m
- Profit of over £4m
If you have any questions or wish to discuss the above opportunity in more detail please do not hesitate to contact Sanjeev.Gordhan@newable.co.uk