There is an interesting story in today’s Publicans Morning Advertiser which is a regular read for us. It reports on the community group in Hungerford Newtown in Berkshire which, like Save The Red Lion Campaign, is looking to buy its local pub, the Tally Ho, for its community.
The article in the Publicans Morning Advertiser reports upon how the community group is going about raising capital to allow it to purchase the pub. As part of the group’s attempts to raise the capital it has utilised the tax efficient Enterprise Investment Scheme (EIS) & the Seed Enterprise Investment Scheme (SEIS) by which investors receive significant tax relief on their investments. So far this group has raised over £200,000. That is no mean achievement!
The Publicans Morning Advertiser article, contained in its General News section, can be read at - http://mobile.morningadvertiser.co.uk/General-News/Community-group-uses-tax-reliefs-to-attract-investment#.UkwNnWS9Kc0
This article shows that significant capital funds can be raised by community groups seeking to buy their local pub and that there are legal tax efficient ways in which investors can really benefit from investing in such schemes.
Save The Red Lion Campaign is looking at how it can utilise both the EIS & SEIS tax relief schemes for when it puts together its share offer in the future.