The Davy EII Tax Relief Fund 2016 successfully raised over €11.8 million in December 2016. We are actively seeking suitable SMEs for investment in the €500,000 to €2.5 million range.
The Employment and Investment Incentive Scheme ("EII Scheme") is a tax relief incentive scheme, (previously the Business Expansion Scheme ("BES")) which provides all-income tax relief to Qualifying Investors for investments in certain qualifying small and medium sized trading companies (“SMEs”)*.
The EII Scheme facilitates qualifying companies to secure funding at a competitive cost of finance and with no repayment until the end of the four year investment period.
The Manager will seek to invest in companies with a capable management team and future growth potential. Certain key criteria which may be used by the Manager in assessing potential investee companies include:
The criteria listed above are not intended to be exhaustive or an exclusive list.
The Manager will exercise its discretion is relation to selecting possible investment companies. We encourage any companies meeting the qualifying criteria to consider the benefits that equity funding of this nature could bring to their business.