Epicure SEIS Fund

The Epicure SEIS Fund gives investors the opportunity to invest in a diversified portfolio of at least 10 start-up companies across the food, drink and hospitality sectors. Epicure targets innovative and disruptive companies with high growth potential. Leveraging the team’s expertise and connections, as well as the vibrant start-up culture of the UK, Epicure aims to provide investors with the combination of capital appreciation together with Seed Enterprise Investment Scheme (SEIS) tax reliefs.

Track Record: Investment selection by award-winning asset manager, Startup Funding Club (SFC), who have a track record of investing in the SEIS space, with this being the fifth SEIS fund they have advised on

Growth Support and Partnerships: Working with key partners and advisors to grow portfolio companies, such as Tesco’s ‘Back It’ and JC Decaux’s ‘Nurture’ programmes

Co-investment: Co-investment from a network of HNWI, acting as a due dilligence proof point and providing sector knowledge and experience

Large and Growing Market: The UK food and drink industry was worth over £94 billion in 2015 and is forecast to grow at 3-4% per annum over the medium term.

Tax Relief: No fees levied on the investor, meaning 100% tax relief on their subscription and tax relief in the 2016-17 tax year

Fund terms

Seeking	£5,000,000
Minimum Investment	£10,000
Minimum Fund Size	£500,000
Maximum Fund Size	£5,000,000
Initial Charge	6.5%, covering all initial costs of establishing the Fund
Annual Management Fee	1% per annum plus VAT, if applicable (capped at 3.5% for the life of the Fund)
Performance Fee	30% of any distribution to Investors above a Hurdle Rate of £1.00
Non-Advised Set Up Charge	1.5%, an initial charge covering administration setting up a non-advised direct investor
Initial Adviser Charge	Facilitated, subject to agreement between the Investor and Advisor
SEIS Tax Relief on Investor's Gross Subscription	The Manager will not deduct any of its charges or fees from an Investor’s Subscription, so that Investors receive SEIS tax relief on 100% their gross Subscription
Closing Dates	31 July 2018, 28 September 2018

Investments of this type carry risks to your capital and are illiquid in nature. Tax reliefs depend on individual circumstances, maybe subject to change and depend on the investee companies maintaining their qualifying status. Investments should only be made on consideration of the full IM and the detailed risk factors contained therein.

Such investments are not right for everyone. In order to learn more, please confirm which capacity your interest is in.
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UK Food, Drink and Hospitality Market

The UK food and drink market is the largest part of the UK manufacturing industry, worth over £94 billion in 2015 and predicted to grow at 3-4% annual in the short-to-medium term. Many sectors within the food and drink market are undergoing expansion and are looking forward to future growth – this can be attributed to key factors such as:

The demand for casual dining, which is experiencing a golden period, having had sales increase by 35% to £5 billion in June 2016 compared to June 2010;
A shift in consumer preferences for non-artificial products, healthy eating, and ‘free-from’ ranges such as gluten free, vegan and vegetarian – a trend worth £238 million to the UK, or 10% of the total food market.

The out-of-home food and drink market is consistently doing well, driven by the time-poor modern consumer, and could be worth £54 billion come the end of 2016 – representing a suitable target for disruption by new companies and products.

Startup Funding Club (SFC)

SFC, a team of entrepreneurs, mentors and business angels, specialise in sourcing early stage investments and assisting startups in their development.

Over 50 years’ experience managing VCT, EIS and SEIS Funds
Asset manager across 4 SEIS Funds
More than £10m invested in 85 new start-up and early stage SEIS companies – 12 of which have been in the food, drink and hospitality sector
A network of 100+ high profile business angels, advisors and mentors
‘Lead Angel Syndicate of the Year (2016)’ – UK Business Angels Association

More information

If you would like more information about Epicure SEIS Fund, please
contact us on 020 7843 0470.

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