Future Capital Partners has started its first venture capital trust (VCT) and an enterprise investment scheme (EIS), Financial Times reports. The vehicles will invest in wind, biomass, landfill gas and solar technology companies.
The EIS vehicle, Elara Renewable fund, targets annual average returns of 7% post-tax basis and will employ a conservative investment strategy focused on lower risk opportunities across the renewable sector. The Clean Future VCT will aim to provide tax free annual dividends of 7% to investors.
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