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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)
Anglo Scientific 2011 Fund (Ł5k - Ł49k)	Ł5,000	17-Jun-11	2.25%	-	-	CLOSED
Anglo Scientific 2011 Fund (minimum Ł50,000)	Ł50,000	17-Jun-11	3.0%	-	-	CLOSED
Beer & Partners EIS Scheme	Ł25,000	N/A	3.375%	-	-
Calculus Capital EIS Fund 11	Ł30,000	21-Apr-11	3.20%	-	-	CLOSED
Downing Low Carbon EIS Fund 3	Ł10,000	7-Nov-11	1.5%	-	0.375% for up to 4 years	CLOSED
Edge Entertainment EIS Fund	Ł15,000	Cleared funds by 2-Sep-11	1.6875%	-	0.375% for up to 3 years	CLOSED
Foresight Solar EIS Fund	Ł10,000	16-Nov-11	2.25%	-	0.5% for up to 6 years	CLOSED
Guinness Renewable Energy EIS Fund	Ł10,000	15-Jun-11	2.25%	-	-	CLOSED
Ingenious Shelley Media Fund 5	Ł3,000	Cleared funds by 02-Apr-12	1.875%	-	0.375% for up to 2 years
Merepark Solar EIS Fund	Ł10,000	20-Dec-11	1.5%	-	0.375% for up to 4 years
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 (tranche 7)	Ł25,000	9-Dec-11	1.875%	-	0.375%
Oxford Capital Solar EIS	Ł25,000	6-Dec-11	1.875%¹	-	0.375% for up to 5 years	CLOSED
Power Amp Music Fund EIS	Ł10,000	Closed	1.5%	-	0.375% for up to 3 years	CLOSED
Sparta Film & TV Risk Managed EIS Fund	Ł5,000	28-Apr-11	2.25%	-	-	CLOSED
Ultimate Media Fund	Ł10,000	N/A	2.25%	-	0.375% for up to 3 years

If you are 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, please call Clubfinance if your application is going to arrive later than 3 working days prior to the closing date, and also offers can close early.
¹ - For the Oxford Capital Solar EIS the initial discount is provided by means of a cash rebate from Clubfinance. This will be in the calendar month following the month in which Clubfinance receives the initial commission.

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

Anglo Scientific 2011 Fund (Ł5k - Ł49k) 5% 5% 2.75% 0% 0%
Anglo Scientific 2011 Fund (minimum Ł50,000) 5% 5% 2.0% 0% 0%
Beer & Partners EIS Scheme N/A 4.5% 1.125% 0% 0%
Calculus Capital EIS Fund 11 2.0% 5.0% 1.80% 0% 0%
Downing Low Carbon EIS Fund 3 5.5%¹ 5.5%¹ 4.0%¹ 0% 0%
Edge Entertainment EIS Fund 5.5%² 5.5%² 3.8125%² 0% 0%
Foresight Solar EIS Fund 5.5%³ 5.5%³ 3.25%³ 0.5% for up to 6 years 0%
Guinness Renewable Energy EIS Fund 5.0%⁴ 5.0%⁴ 2.75%⁴ 0% 0%
Ingenious Shelley Media Fund 5 9.50%⁵ 9.50%⁵ 7.625%⁵ 0% 0%
Merepark Solar EIS Fund 6.0%⁶ 6.0%⁶ 4.500%⁶ 0% 0%
MMC Ventures EIS Fund 1.0% 4.0% 1.000% 0% 0%
Octopus EIS (tranche 7) 5.0% 5.0% 3.125% 0% 0%
Oxford Capital Solar EIS 5.0%⁷ 5.0%⁷ 3.125%⁷ 0% 0%
Power Amp Music Fund EIS N/A 5.5%⁸ 4%⁸ 0% 0%
Sparta Film & TV Risk Managed EIS Fund 9.0% 9.0% 6.75% 0% 0%
Ultimate Media Fund 9.00%⁹ 9.00%⁹ 6.75%⁹ 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.
¹ - Downing Low Carbon EIS Fund 3 - 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).
² - Edge Entertainment EIS Fund - 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).
³ - Foresight Solar EIS Fund - The initial charge of 5.5% is paid by the investee companies.
⁴ - Guinness Renewable Energy EIS Fund - The Investment Manager will, where possible, ensure that the initial charges are paid by Investee Companies, not directly by the Investors.
⁵ - Shelley Media Fund 5 - The Investment Fee of 9.5% is paid by the investee companies.
⁶ - Merepark Solar EIS Fund - The Investment Fee of 6% is paid by the investee companies and is subject to a minimum of Ł75,000 in aggregate.
⁷ - Oxford Capital Solar EIS - The initial charge of 5 % will be made directly to the investee companies.
⁸ - Power Amp Music Fund EIS - The initial charge of 5.5% is paid by the investee companies.
⁹ - Ultimate Media Fund - The initial charge of up to 9% is paid by the investee companies and is subject to a minimum of Ł20,000.

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?

Anglo Scientific 2011 Fund (Ł5k - Ł49k) - - - 1.5%¹ 30% of net return provided an annualised 15% internal rate of return ('IRR') is achieved for the investor YES
Anglo Scientific 2011 Fund (minimum Ł50,000) - - - 1.5%¹ 30% of net return provided an annualised 15% internal rate of return ('IRR') is achieved for the investor YES
Beer & Partners EIS Scheme 3%² - 3% year 1; then 1.5% See note³ - 20% of the net profit in excess of investor subscription and after a hurdle of 8% per annum YES
Calculus Capital EIS Fund 11 - 1% 0.4% 1.5% 20% of the realised return in excess of investor subscription YES
Downing Low Carbon EIS Fund 3 - 1% on purchases ⁴ - 2.3% for up to 4 years⁴ 20% of exit proceeds received by investors between Ł1.00 and Ł1.10 & 30% thereafter (in respect of each Ł1.00 invested) YES
Edge Entertainment EIS Fund - - 0.5%⁵ 2%⁵ 20% of the realised return in excess of funds invested in Investee Companies YES
Foresight Solar EIS Fund - - 0.3%⁶ 1.5%⁶ 20 % of distributions to Investors in excess of Ł1 per Ł1 invested until total distributions reach 130p per Ł1 invested and 30% above that level YES
Guinness Renewable Energy EIS Fund - - Capped at 1% 2% for up to 5 years 20% of Investor profits in excess of the gross amount invested in an investee Company. The Investment Manager will only receive a Performance Fee if Investor profits exceed 5% per annum (the preferred return to Investors) YES
Ingenious Shelley Media Fund 5 - - see below⁷ up to 0.775%⁸ Up to 3% of aggregate subscriptions, recovered only from realisation of Qualifying Shares exceeding the aggregate subscriptions invested in the fund as at the Closing Date YES
Merepark Solar EIS Fund - 1% on purchases⁹ - 2.5%¹⁰ The management incentive will be equivalent to 25% of the excess return on an exit within four years on investment in the investee company over the level of Ł1.20 per Ł1 invested, but in the event that an exit is not achieved before the fourth anniversary of the commencement of the fund no management incentive will be payable 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 (tranche 7) - - - 2%¹¹ - YES
Oxford Capital Solar EIS - 0.35% 0.5% + Ł50¹² 2%¹² 20% of net profit after net subscription repaid YES
Power Amp Music Fund EIS - 1% on purchases ¹³ - 2.5%¹⁴ 20% of exit proceeds above the initial investment YES
Sparta Film & TV Risk Managed EIS Fund - - - - 30% of the net profit above the Investor’s original Subscription YES
Ultimate Media Fund - - - 2%¹⁵ The manager will take a stake in investee companies, negotiated on investment 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.
¹ - Anglo Scientific 2011 Fund - Fees generated by portfolio companies may be used to meet the Annual Management Fees after year 1.
² - Beer & Partners EIS - 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 £125,000. 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.
³ - 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. However, any fees received from investee companies will be applied to the credit of the investors.
⁴ - Downing Low Carbon EIS - These charges will be taken from the investee companies.
⁵ - Edge Entertainment EIS Fund - The 0.5% annual administration fee (the 'annual charge') and the 2% annual management fee will be taken from the investee companies.
⁶ - Foresight Solar EIS Fund - The annual management charge of 1.5% and the 0.3% secretarial charge will be paid by the investee companies. Note that the secretarial charge is subject to an index-linked minimum of Ł60,000 in aggregate.
⁷ - Shelley Media Fund 5 - Ł5,000 per annum per investee company, paid by investee companies.
⁸ - Shelley Media Fund 5 - Up to 0.775% (in aggregate) per annum of the aggregate amount of subscriptions invested in the Fund as at the Closing Date, charged to each investee company.
⁹ - Merepark Solar EIS Fund - These charges will be taken from the investee companies.
¹⁰ - Merepark Solar EIS Fund - The annual management fee of 2.5% is payable for 4 years. This charge is payable by investee companies and is equal to 2.5% of the amount invested by the fund until the first statutory accounts are prepared, and thereafter of the net asset value of the investee company as derived from its annual accounts (less initial commissions payable to the Investment Manager and the Asset Manager).
¹¹ - Octopus EIS - Collection of the Octopus Annual Management Fee will be deferred for the first three years, and will only be collected if the value of the initial investment into the investee companies has grown.
¹² - Oxford Capital Solar EIS - The annual fund management (2%) and administration (0.5%) fees will generally be paid by the investee companies.
¹³ - Power Amp Music Fund EIS - The dealing charge of 1% is payable by investee companies.
¹⁴ - Power Amp Music Fund EIS - The annual charge comprises 2% payable for up to 4 years and 0.5% payable for up to 3 years. Both these charges are payable by investee companies.
¹⁵ - Ultimate Media Fund - The Annual Management Fee of 2% is payable by investee companies and is subject to a minimum payment of Ł5,000 per company.

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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