Epicure SEIS Fund

The Epicure SEIS fund invests in the UK food, drink and hospitality sector, and seeks to raise £5 million.

Highlights

  • Invests in the food, drink and hospitality sectors
  • Large and growing UK food & drink market, forecast to grow 3% to 4% medium term
  • Well-connected management team, drawing on their extensive network
  • Around 10 portfolio companies expected to be held
  • Startup Funding Club is the investment adviser. Enterprise IP is the investment manager.
  • Minimum investment £10,000

The offer

The fund targets innovative and disruptive companies in the UK food, drink and hospitality market. The manager has extensive expertise and a thorough network of well-connected introducers, mentors, coaches and advisors from the industry.

The team works with mentors and advisors to grow portfolio companies. They also work closely with JC Decaux’s ‘Nurture’ and Tesco’s ‘Back It’ programmes.

Fees

All fees are paid by the investee companies, meaning investors should receive SEIS tax relief on the full gross subscription.

There is an initial charge of 6.5%, covering all initial costs of establishing the fund.

There is an Annual Management Fee of 1% per annum plus VAT. The fee is capped at 3.5% for life of the fund.

There is a Performance Fee of 30% of any distribution to investors above a hurdle of £1.00.

Please see the information memorandum for more details on fees.

Risks

These are very high risk, early-stage businesses. By 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.

Key Information Document: Important Notice to Investors

Before you apply you should read and understand the important documents. Please note, the Key Information Document is not currently available for this investment. This is a new document we are required to provide to retail investors before they invest.

If you wish to apply now, please read the other important documents and ensure you are comfortable with the risks of investing. Then simply download, sign and return the declaration below alongside your application form and we will send you the document as soon as it is available. 

Key Information Document Declaration


Wealth Club aims to highlight investments we believe have merit, but you should form your own view. You should decide based on the provider's documents and ensure you have read and fully understand them before investing. This review is a marketing communication. It is not advice or a personal or research recommendation to buy the investment mentioned. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination. 06.12.2017


The details

Type
Fund
Sector
Leisure
Target return
-
Funds raised / sought
£5 million sought
Minimum investment
£10,000
Deadline
Discretionary

More about Seed Enterprise Investment Scheme

Tax Savings

Essential Facts

How to invest

SEIS Offers

News about Seed Enterprise Investment Scheme. Read all