Amongst the range of business support measures announced by the government in the past few months is the Future Fund. The Future Fund has been designed to ensure high-growth companies across the UK receive the investment they need.
Interest earned on the Convertible Loan Notes by investors will be subject to income tax.
Crowd for Angels offers an IFISA that can potentially shelter all or most of the income or gains arising from realisation of the Notes.
Find out how more about the Future Fund and the potential shelter the IFISA offers in our guide here.
*The availability of any tax relief, depends on the individual circumstances of each investor.
WE HAVE DEDICATED PROCESSES & SYSTEMS FOR RAISING FUNDS VIA CONVERTIBLE LOAN NOTES
We can assist the company in running a campaign under the Future Fund.
We can assist you in raising funds from your crowd and from our investors.
We can act as your lead investors and apply to the Future Fund for matched funding.
We can provide individual investors with an IF-ISA to shelter potential tax.
The Future Fund is open to UK-based firms, that have previously raised at least £250,000 in equity investment from third parties in the last 5 years. They will also need to have investors to provide funding to be matched by the government, and have half or more of their employees based in the UK or generate at least half of their revenue through UK sales. The loans will convert to equity if not repaid. Companies can check they meet the criteria for funding by going to the British Business Bank website here.
A Convertible Loan is a type of investment made initially by loan (note) that can convert, or must, later convert, in whole or in part, into shares of the company.