British Design Fund 2 SEIS
The British Design Fund 2 is an SEIS portfolio seeking to raise up to £2 million.
- Invests in the product design and manufacturing sectors
- The UK has the second largest design sector in the world
- Investors will hold around five portfolio companies
- Target Return of £3 per £1 invested after six years - not guaranteed
- £10,000 minimum investment
This is the second iteration of the fund which targets innovative companies that have strong intellectual property and set out to solve a defined problem. The fund is looking to provide not only a cash injection to the investee companies, but also expertise and mentoring to help these businesses grow.
The team, headed by John Mathers (former CEO of the Design Council) and Damon Bonser, has close partnerships with a number of accelerators such as Twenty20 Mentoring, Design Council’s SPARK, the Central Research Laboratory and other advisors to help grow portfolio companies.
Examples of previous portfolio companies
Please note, these are examples only: new investments will be made in other similar investments.
47% of people in the UK struggle to sleep due to stress or worry. Kokoon has developed noise cancelling, smart headphones that are designed to help wearers achieve a better night’s sleep. Kokoon has pre-sales of over £3 million and has attracted the interest of a major airline.
Manchester-based footwear company, Calla Shoes offers fashionable and comfortable shoes targeted at the 10 million women in the UK who suffer from bunions. Founded in September 2016, it has had coverage in the Daily Mail and The Times and it already has overseas partnerships in place.
Fees & charges
A summary of the fees and charges is shown below.
More detail on the charges
These are very high risk, early-stage businesses. By their nature, these firms will be more prone to failure than later-stage, more mature businesses. All of the portfolio companies could fail.
Investors should be aware these are long-term investments and are illiquid. Capital is at risk and investors should not invest money they cannot afford to lose. Tax rules can change and the value of tax benefits will depend on individual circumstances.
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- Target return
- £3 per £1 invested
- Funds raised / sought
- £2 million sought
- Minimum investment
- 31 Dec 2018