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Unapproved EIS Funds

EIS investments are high risk investments. Please see our main EIS page for further important information.

REMEMBER, ONLY USE AN EXECUTION-ONLY BROKER LIKE CLUBFINANCE IF YOU DO NOT NEED ADVICE. CLUBFINANCE WILL NOT ASSESS THE SUITABILITY OR APPROPRIATENESS OF ANY INVESTMENT. For advice on suitability or an assessment of appropriateness, please contact an authorised and regulated financial adviser.
If you know which EIS you would like to invest in, please use the documentation in the table below. Due to the way some EISs are set up, we cannot arrange every EIS available. In addition, for some EISs, commission paid to intermediaries represents an additional cost, so it is cheaper to go direct. If you would still like us to arrange one of these for you, or the EIS you are interested in is not listed, or if you have difficulties, please contact us using the form at the bottom of this webpage.
Commission rebates and other discounts are detailed below. At least 75% of initial commission plus 75% of renewal commission will be rebated. Please see How to Invest - the process for details of the necessary steps and information you need to make an investment.

IMPORTANT NOTE ON CHARGES - Charges for EISs can be very high and come in many different types and forms. - please ensure you read the product documentation in detail to understand the charges. We have summarised the charges below, but this is NO SUBSTITUTE for reading the product documentation in detail. The detailed bases on which charges and costs are levied will vary from product to product.
Please remember to send your completed application form(s) together with a signed Client Declaration and Identification Documents to Clubfinance Ltd. - click here for details.

PLEASE GENERATE A COMMISSION STATEMENT FOR MORE INFORMATION ON COMMISSION & REBATES

Unapproved EIS Funds Available for Investment

Income tax relief relates to each individual EIS company in which the fund invests; the tax year to which income tax relief applies therefore relates to the tax year when each share is issued NOT the closing date of the fund (but see also carry back). Please see product documentation for full details of charges.

EIS name	Minimum	Expected closing date*	Initial Discount	Annual Renewal Commission Waived	Annual Renewal Commission Cash Back	Documents (see icon key located beneath the table)
Beer & Partners EIS Scheme	Ł25,000	31-Mar-11	1.5%	-	-
Calculus Capital EIS Fund 10	Ł30,000	30-Apr-10	2.75%	0.5% for 3 years	-	CLOSED
Downing Asset-Backed EIS Fund	Ł15,000	5-Apr-10	1.5%	-	0.375% for 3 years	CLOSED
MMC Ventures EIS Fund	Ł25,000	N/A	3%	-	-	The Offer Document on this particular investment is only available to certified high net worth individuals or self-certified sophisticated investors. CLICK HERE to gain access.
Octopus EIS	Ł50,000	N/A	1.875%	-	0.375%	CLOSED
Oxford Gateway Fund No.5	Ł25,000	TBC	1.875%	-	-
Sparta Film & TV Risk Managed EIS Fund	Ł5,000	TBC	2.25%	-	-
Trapezia EIS II Fund	Ł25,000	TBC	2.250%	-	-
Triodos EIS Green Fund II	Ł5,000	9-Apr-10	1.875%	-	-	CLOSED

If you a Certified High Net Worth Individual or a Self-Certified Sophisticated Investor you can click here to view financial promotions for additional EIS Funds

* Note that complete applications must reach Clubfinance at least 3 working days prior to the closing date, and funds can close early.

How do we Compare?

EIS name Initial charge if buy direct Initial charge via intermediary** Initial charge through Clubfinance Additional annual charges via intermediary** Additional annual charges through Clubfinance

Beer & Partners EIS Scheme N/A 4.5% 3.0% 0% 0%
Calculus Capital EIS Fund 10 2.5% 5.0% 2.25% 0.5% for 3 years 0%
Downing Asset-Backed EIS Fund 5.5%^a 5.5%^a 4.0%^a 0% 0%
MMC Ventures EIS Fund 1.0% 4.0% 1.000% 0% 0%
Octopus EIS 5.0%^c 5.0%^c 3.125%^c 0% 0%
Oxford Gateway Fund No.5 5.0% 5.0% 3.125% 0% 0%
Sparta Film & TV Risk Managed EIS Fund 9.0% 9.0% 6.75% 0% 0%
Trapezia EIS II Fund 5% 5% 2.75% 0% 0%
Triodos EIS Green Fund II 5.0% 5.0% 3.125% 0% 0%

** Based on full commission. Some intermediaries may take less than full commission and/or may have negotiated an initial charge discount, e.g. Clubfinance.
^a- All the initial charge will be taken from the investee companies. (Note: other EIS funds may receive payments from their investee companies, which are not included in the initial charges shown above).
^b- For the Octopus EIS, the Octopus element of the initial charge (2.5%) is deferred until the end of year 3.

Other costs and charges

EIS name Set-up costs for fund as a whole Dealing charge for each investment bought or sold in fund Annual administration fee Annual fund manager fee Performance fee Other costs and expenses?

Beer & Partners EIS Scheme 3%^a - 3% year 1; then 1.5% See note^b - 20% of the net profit in excess of investor subscription and after a hurdle of 8% per annum. YES
Calculus Capital EIS Fund 10 - 1% 0.40% 1.50% 20% of the realised return in excess of investor subscription YES
Downing Asset-Backed EIS Fund - 0.75%^c - 1.85% (1.35% for up to 3.5 years + 0.5% for 3 years)^c 20% of exit proceeds received by investors between Ł1.00 and Ł1.10 & 30% thereafter (in respect of each Ł1.00 invested) YES
MMC Ventures EIS Fund - - - 2.5% (capped at 10% i.e. 4 yrs) 20% of the net profit in excess of investor subscription YES
Octopus EIS - 1% - 2.0%^g - YES
Oxford Gateway Fund No.5 - 0.35% up to 0.5%^h +Ł50 2.5%ⁱ 20% of the return in excess of investor subscription YES
Sparta Film & TV Risk Managed EIS Fund - - - - 30% of the net profit above the Investor’s original Subscription YES
Trapezia EIS II Fund Up to Ł25,000 0.35% 0.50% 2.5% 20% of the excess of the Realised Gain on the Portfolio after allowing for a 5% per annum compound hurdle. YES
Triodos EIS Green Fund II - - - 2.5%^j 20% of net gain on termination or withdrawal YES

Please note that some or all of the charges above may have VAT added to them, and that the VAT treatment on each charge may differ between funds. The VAT treatment applicable can change at any time.
^a- An amount equal to 3% of each investor's subscription amount for Beer & Partners EIS will be deducted in respect of set-up costs. The maximum amount of set-up costs which may be so utilised is Ł125,000. If the aggregate amount deducted by the end of the two-year subscription period (30 June 2011) is greater than the actual set-up costs of the Scheme, the difference will be returned to investors on a pro-rata basis.
^b- For Beer & Partners EIS a cash deduction will be made from each investor's subscription amount at the time of subscription equal to the first five years' administration fee. There is also an additional charge of Ł11,000 a year for the fund as a whole for bank administration fees and Custodian charges. However, any fees received from investee companies will be applied to the credit of the investors.
^c- For Downing EIS, charges will be taken from the investee companies.
^e- Octopus will take the management at the end of year three if investors still receive back the amount invested by Octopus EIS into qualifying companies.
^f- The Oxford Gateway Fund annual administration expenses will not exceed: 0.5% or £25,000 based on the fund as a whole. There is also an annual £50 administration fee per portfolio.
^g- For Oxford Gateway, any monitoring fees received by the Fund Manager from investee companies will be set off against and will reduce the Management Fee.
^h- The Triodos annual management fee my be met in part or in whole from the receipt of arrangement and monitoring fees payable by the Investee Companies.

PLEASE REFER TO THE PRODUCT DOCUMENTATION FOR FULL DETAILS OF FEES & CHARGES

Key to tables

Link to the product documentation and application form (in PDF format) for each EIS.	Link to essential Clubfinance information required to proceed with a transaction through Clubfinance.	Additional Risk Warnings you must be aware of before making an EIS investment.

Click on this icon to be taken to a webpage where you can generate your own tailored Commission Statement.	Clicking on this icon will take you to a website linked to the EIS which may provide additional useful information.	Executive Summary of the EIS prepared by or on behalf of the EIS provider.

Don't see the EIS you are interested in listed?

We will endeavour to obtain and e-mail you further information, and if we can arrange it, our standard EIS commission rebates will apply.

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Important Information

Clubfinance Ltd is authorised and regulated by the Financial Services Authority. Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under ‘contact us’. Users of this website should be aware of the following:

Past performance is not a reliable indicator of future results.
The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.
Some investments and policies may only be suitable as medium or long-term products.
Tax treatments depend on your individual circumstances and may be subject to change in future.
This website contains financial promotions relating to services offered by and products available through Clubfinance.
In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail.

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