EII Scheme Information for Companies Seeking Investment

Funding Available for investment in 2017

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.

Benefits to the company

In addition to the cashflow benefit, the EII Scheme may have the following advantages for your company:

Fixed cost of finance for four years;
Existing shareholders retain control of the business;
The investment is equity not debt;
No capital repayment until 2021;
May trigger Enterprise Ireland or bank funding; and
No capital repayment until 2021 the end of the investment term.

EII Scheme

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.

Fund Criteria

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:

Future growth potential;
3-5 year strong trading record;
Future growth potential;
Low gearing levels;
Prospect for realisation of investment after the four year EII Scheme period.

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.

The Funds are invested in established, indigenous Irish companies with future growth potential. Set out below is a sample of previous investee companies:

Warning: If you invest in this product you may lose some or all of the money you invest. The value of your investment may go down as well as up. If you invest in this product you will not have any access to your money for at least four years from the date the Fund makes its investments.

BES Management DAC

BES Management DAC is regulated by the Central Bank of Ireland. BES Management DAC is a joint venture company owned by Davy and BDO. J&E Davy, trading as Davy, is regulated by the Central Bank of Ireland.

Davy is a member of the Irish Stock Exchange and the London Stock Exchange. BDO is authorised to carry on investment business in the Republic of Ireland by the Institute of Chartered Accountants in Ireland.

davy bdo ireland

Get in touch

BES Management DAC
Fifth Floor,
Beaux Lane House,
Mercer Street Lower,
Dublin 2.

Investors wishing to receive information in relation to The Davy EII Tax Relief Fund, please contact us on 01 4700455 or email besinfo@bes.ie

Companies wishing to receive further information about The Davy EII Tax Relief Fund can contact:

Andrew Bourg
Warren Larkin

For information on our BES Tax Advisory Services please view our Tax Advisory Page on the BDO website.

Warning: The information contained herein does not purport to be comprehensive, all inclusive or to contain all the information that a prospective investor might reasonably require in considering an investment in the Fund. It is strictly for information purposes only and must be read in conjunction with the Prospectus. This information does not constitute advice or a recommendation in any way. It does not take into account the knowledge and experience, investment objectives or financial situation of any particular person. The information contained herein is based on our understanding of current Irish tax legislation and Revenue guidelines. Prospective investors are advised to make their own independent commercial assessment of the information contained and obtain independent professional advice (including inter alia legal, financial and tax advice) suitable to their own individual circumstances, before making an investment decision, and only make such decisions on the basis of their own objectives, experience and resources.