Angels4Bucks aims toi invest in a diverse portfolio of early-stage, high-growth, unquoted companies based in Milton Keynes. Requests for funding are welcomed from all sectors.
The EIS offers generous income tax and capital gains tax reliefs. Investors can claim back up to 20% relief against personal income tax on EIS investments and there is no Capital Gains Tax payable on the disposal of shares after three years.
The government has also indicated that it might extend their support for EIS schemes further in the forthcoming budget.
Project manager Tony Diment said: “This is a very exciting opportunity for local investors to not only achieve profits for themselves but also benefit the economy in Milton Keynes.”
Angels4Bucks welcomes investments ranging from £5,000 to £500,000 and is sponsored by the Bucks and MK Innovation & Growth Team. For more information visit www.angels4bucks.co.uk.