We collect information from you when you visit our website. Our website automatically collects information from your computer using “cookies” which provides us with limited personal information. Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used in order to make websites work, or work more efficiently, as well as to provide information to the website owners.
You can set your browser not to accept cookies and this document tells you how to remove cookies from your browser (see the section below “Can you turn cookies off”). However, in a few cases some of our website features may not function as a result.
What are cookies?
Necessary cookies help make our website usable by enabling basic functions such as page navigation and access to secure areas of the website. The website cannot function without these cookies. These cookies don’t gather information about you that could be used for marketing or remembering where you have been on the internet.
These cookies enable us to remember information that changes the way the website looks, such as your preferred language or the region that you are in. The information these cookies collect cannot track your browsing activity on other websites. These cookies may persist so that your choices are remembered when you visit our website again.
Additionally, these cookies do things such as ensuring that your password works and that you stay logged in when you move between pages on the site and help the site to remember details about your visit. They also keep you secure while you are logged in and help to ensure the site looks consistent during your visit.
These cookies collect information about how you use our site, such as which pages you visit and if you experience any errors. They do not collect anything that could identify you as it is aggregated data and we only use them to improve how our site works, understand what interests our users, and measure how effective our content is. Our performance cookies include: (a) web analytics to provide information on how our site is used, and (b) error management to help us improve the site by measuring any errors that occur.
Foresight cookies help us to:
Make our website work as you’d expect
Save you having to log in every time you visit the site
Remember your settings during and between visits
Improve the speed/security of the site
Continuously improve our website for you
Make our marketing more efficient
Collect any personally identifiable information (without your express permission)
Collect any sensitive information (without your express permission)
Pass data to advertising networks
Pass personally identifiable data to third parties
What are the different types of cookies?
Session cookies – A session cookie only exists while you are reading or navigating the website. These cookies are only stored on your device (which may mean a desktop computer, laptop, tablet or mobile phone) during a single visit to the site (called a ‘browser session’). They do not do anything unless you are actively browsing, and they are deleted as soon as you close your browser.
Persistent cookies – These remain on your device until they are set to expire, or you choose to delete them from your browser cache. They are activated each time you visit the website that created them.
Third-party cookies – First-party cookies are cookies set with the same domain (or its subdomain) as your browser’s address bar. Third-party cookies are cookies set with domains different from the one shown on the address bar. Foresight uses Google Analytics to collect statistical data relating to our website’s traffic. This is not used to collect any personal data about you.
The table below provides more information about the individual cookies we use, the purposes for which we use them and the period for which they will remain on your computer or other device:
Stores the user’s cookie consent state for the current domain
Foresight does not share any data with social networks.
We use “Necessary” cookies to make our website work, for example by setting the appropriate language version of the website for you, for security authentication, network management, and accessibility. We do not require your consent to use these necessary cookies, but you can disable them if you prefer by changing your browser settings as explained below, although doing so will likely mean that our site will not work as you would expect.
We do not set other optional types of cookies (performance, functionality, advertising, targeting) on your device unless you consent by enabling them through the pop up which appears on your first visit to this website; this will set a cookie on your device to remember your preferences, so the pop up will not usually automatically reappear on subsequent visits.
You may withdraw your consent at any time by following the instructions below.
Can you turn cookies off?
If you do not agree to the use of these cookies, or would like to withdraw consent at any time, you can do so by following the instructions here.
You can usually also switch cookies off by adjusting your browser settings. Through these settings, you can accept or decline cookies or set your browser to prompt you before accepting a cookie from the website. You should be aware that you may not be able to use all website features if you set your browser to disable cookies entirely. You can delete any cookies that have been installed in the cookie folder of your browser.
The various browsers provide different procedures to manage your settings. Click on any of the browser links below for instructions:
You can also find instructions how to turn cookies off here. These are external links. Although we have taken all reasonable measures to ensure that its contents are safe, we cannot accept any liability for the information shared on this website.
On some pages, we also feature embedded ‘Share’ buttons or widgets that enable you to share content through a number of popular social networking sites, such as LinkedIn and Twitter. These third-party sites set their own cookies. We do not control these cookies and you should check the relevant third-party website to see how your information is used and how to opt out.
After your initial visit to the website we may change the cookies we use. This cookies policy will always allow you to know who is placing cookies, for what purpose and give you the means to disable them so you should check it from time to time.
Please read this important information before accessing the website.
These Terms and Conditions were last revised in December 2015.
Please Scroll Down to Accept These Terms
The information contained on these website pages (this “Site”) is communicated and issued by Foresight Group LLP and Foresight Group CI Limited (details below) in accordance with the following terms and conditions. By accessing any part of this Site, you will be deemed to have accepted these Terms and Conditions in full. If you do not accept these Terms and Conditions please do not continue to access this Site.
Foresight Group LLP
Foresight Group LLP is authorised and regulated by the Financial Conduct Authority (“FCA”). FCA firm reference number 198020. The website of the FCA can be accessed at www.fca.org.uk.
Foresight Group LLP is a limited liability partnership incorporated in England and Wales (registered number 0C300878). Its registered office is at The Shard, 32 London Bridge Street, London, SE1 9SG.
Foresight Group CI Limited
Foresight Group CI Limited is licensed by the Guernsey Financial Services Commission (reference number 2006518) to undertake controlled investment business as defined in The Protection of Investors (Bailiwick of Guernsey) Law 1987.
Foresight Group CI Limited is a private company registered in Guernsey (registered number 51471). Its registered office is Ground Floor, Dorey Court, Admiral Park, St Peter Port, Guernsey, GY1 2HT.
Save as mentioned below, references to “Foresight”, “Foresight Group”, “The Manager”, “we” and “our” are to Foresight Group LLP and/or Foresight Group CI Limited as the context dictates.
Intended Audience and Purpose of Information
The information contained within this Site does not constitute an offer to invest or an invitation to apply for securities:
In any jurisdiction where such offer or invitation is unlawful; or
In which the person making such offer or invitation is not qualified to do so; or
To whom it is unlawful to make such offer or invitation.
The information has been issued and approved by Foresight Group LLP and Foresight Group CI Limited and does not in any way constitute investment, tax, legal or other advice. Investors should not rely on any information or opinions contained in this Site in making an investment or other decision but should obtain appropriate and specific professional advice.
Nothing contained on this Site constitutes or should be construed to constitute investment, legal, tax or other advice. The information contained on this Site shall in no way be construed to constitute a recommendation with respect to the purchase or sale of any investment.
The website is provided for the main purpose of providing generic information on Foresight Group LLP and Foresight Group CI Limited and on the products and funds we currently manage. Persons accessing specific information about the funds and investment products referred to on this website are strongly advised to refer to the relevant terms and conditions of access, including any relevant risk warnings and disclaimers, and in the event that they do not accept them, should not proceed to access the material to which they are applicable.
Certain products or investment services managed by Foresight are not generally considered suitable for private investors. Therefore, certain areas of the website are password protected or require additional confirmation that you are an appropriately experienced or qualified investor. This website also contains links that lead to other websites. These links are provided solely for your convenience and do not constitute any endorsement, sponsorship or approval of the materials appearing in such sites.
You should note that investment in any of the Foresight Funds or Foresight Products should ONLY be made on the basis of reading any applicable Documentation (including any Brochure, Fund Prospectus, Offer Documents and Disclosure Documentation) or Terms and Conditions of Investment as appropriate.
Risks Applicable to the Enterprise Investment Scheme (EIS)
Existing and prospective investors should consider carefully the following risk factors. If any of the risks described below were to occur, it could have a material effect on a the business, financial condition or results of operations of an EIS qualifying company of the type in which Foresight EIS funds will invest. The risks and uncertainties described below are not the only ones EIS companies and investors will face. Additional risks not currently known to Foresight, or that Foresight currently believes are not material, may also adversely affect the business, financial condition and results of operations of investee companies. The value of its shares could decline due to any of these risk factors, and investors could lose part or all of their investment.
Prospective investors should be aware that the value of shares in EIS companies and the income from them can fluctuate and that they may not get back the amount they invested. In addition, there is no market, nor is there intended to be a market for the sale of investors shares in EIS companies and as such, an investment will not be readily realisable. There is no guarantee that dividends will be paid and where they are these will be subject to income tax. Investment in EIS companies should be seen as a long term investment. Investors who are in doubt should consult their independent financial adviser. The attention of prospective investors is drawn to the following risks:
The past performance of funds managed by Foresight is not necessarily an indication of the future performance.
There will not be a liquid market for shares in EIS companies as they will not be listed on any stock exchange and investors may find it difficult to realise their investment.
Whilst it is Foresight’s intention that the companies in which its EIS funds invest will be managed so as to continue to qualify for the EIS, there can be no guarantee that such status will be maintained. A failure to meet the qualifying requirements could result in an investee company losing its EIS qualifying status, resulting in adverse tax consequences for Investors, including a requirement to repay the income tax relief obtained on subscription.
The information, including tax rules, contained in this publication is based on existing legislation. The tax rules or their interpretation in relation to an investment in an EIS fund and/or the rates of tax, or other statutory provisions to which EIS funds and their investee companies are subject, may change during the life of a fund and such changes could be retrospective.
If an Investor who subscribes for shares in an EIS company disposes of those shares within three years from subscription, the Investor will be subject to clawback by HM Revenue & Customs of any income tax relief obtained on subscription.
Realisation of investments in unquoted companies can be difficult and may take considerable time. There may also be constraints imposed on the realisation of investments in order to maintain the EIS qualifying status of an investee company which may restrict Foresight’s ability to obtain maximum value from its investments.
Investment in unquoted companies, AIM-traded and PLUS Markets companies, by its nature involves a higher degree of risk than investment in companies traded on the main market of the London Stock Exchange. In particular, markets for such companies and smaller companies generally may not be regulated and are often less liquid and there may be difficulties in valuing and disposing of investments in such companies. Disposing of such companies and smaller companies generally through trade sales may be difficult and may not produce hoped for returns and investors could get back less than they invested.
In addition, such companies and smaller companies generally may have limited product lines, markets or financial resources and may be more dependent on their management or key individuals than larger companies.
Where more than one of the funds managed or advised by Foresight wishes to participate in an investment opportunity, allocations will generally be made in proportion to the net cash raised for each fund, other than where investments are proposed to be made in a company where a fund has a pre-existing investment where the incumbent investor will have priority. Implementation of this policy will be subject to the availability of monies to make the investment and other portfolio considerations such as sector exposure and the requirement to achieve comply with the EIS rules, for instance the maximum investment by EIS investors, VCTs and corporate venturing schemes in any single company. This may mean that a company may receive a greater or lesser allocation than would otherwise be the case under the normal co-investment policy.
There can be no guarantee that sufficient suitable investment opportunities will be identified in order to meet the investment objectives of a particular EIS fund or the requirements of the EIS rules.
In general, investment in technology companies can carry a greater degree of risk than investing in non-technology companies. In particular: the technology may not be able to be developed within the timescale required by the market, at an acceptable cost, or at all and alternative or competing technologies may emerge before full commercial exploitation of the products or services of such companies has taken place.
Disclaimers and Exclusion of Liability
Foresight Group LLP and Foresight Group CI Limited act for the funds and clients they manage or advise and not for anyone else. They will not act for, advise or be responsible for providing the protections afforded to their customers to anyone other than such funds and clients. Entrepreneurs and others working for Foresight should be aware of this and should not expect that they will be treated as customers of Foresight.
Please do not send us any confidential or proprietary material using this website and without first contacting us as we do not agree to obligations of nondisclosure or non-use of material which is sent to us. We receive numerous business plans and other proposals, and reserve the right to review only those which appear to us to fit our investment criteria from time to time and to reject proposals without giving a reason or returning material sent to us. We are not restricted in any way from pursuing opportunities with others. Foresight and funds and clients under its management or advice invest in many companies, some of which may compete with one another.
Whilst we aim to update the Site regularly, its content is provided in good faith “as is” for information purposes only with no representation or warranty, express or implied by Foresight or by any of its members or employees as to its accuracy or completeness or that it is up to date, and it should not be relied on as such.
To the fullest extent allowed by law, Foresight and its members and employees shall not be liable, whether in tort (including negligence) or otherwise howsoever, for any losses, damages, costs or expenses of whatever nature (including (without limitation) any consequential, indirect or unforeseeable loss or loss of bargain, opportunity or profit) incurred or suffered by you or any third party arising out of or in connection with the access to or use of, or linking to other Sites from, this Site or reliance on any information contained on this Site. Nothing in this legal notice shall limit our liability for death or personal injury resulting from any negligence of Foresight.
Nothing in this legal notice excludes or restricts any duty or liability that Foresight may have under the regulatory system (as defined in the glossary to FCA’s Handbook of Rules and Guidance) and which may not be excluded or restricted thereunder.
Intellectual Property Rights
All intellectual property rights in the Site are owned or licensed by Foresight and are protected by law. We reserve all such rights save that you may print off and download extracts from any part of the Site for your personal reference or to bring to the attention of others within your organisation. You may not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text and the status of Foresight Group LLP, Foresight Group CI Limited and our contributors as the authors of material on the Site must always be acknowledged. You may not modify or use any content from the Site for commercial purposes without obtaining a licence to do so from us or our licensors.
Content and Access
We may withdraw or change Site content at any time without notice and, if the need arises, we may suspend access to the Site, close it indefinitely or restrict access to users who have registered with us.
You agree to treat any user identification code, password or other piece of information used as part of our security procedures as confidential and not disclose it to any third party. We may disable your access if in our opinion you have failed to comply with any of these Terms and Conditions.
Your information, Privacy and Cookies
Any personal data provided by you through this site is accurate to the best of your knowledge and you consent to us processing such information for the purpose you have requested. We will process such information only for this purpose.
The Site does not automatically capture or store your personal data, other than to record your IP address and session information (such as the duration of your visit and the browser used) for administration and compilation of Site use statistics.
Links to other websites and resources provided by third parties are provided for your information only; we have no control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them.
You may link to the Site home page, provided you do so in a way that is fair and legal and does not damage or take advantage of our reputation, or suggest any form of association, approval or endorsement on our part where none exists. You may not create a link to any part of the Site other than the home page, establish a link from any website that is not owned by you or frame the Site in any other website. We reserve the right to withdraw linking permission without notice.
If you wish to make use of material on the Site other than that set out above, please address your request to Marketing department, Foresight Group LLP, The Shard, 32 London Bridge Street, London, SE1 9SG.
We will not be liable for any loss or damage caused by a distributed denial-of-service attack, virus, worm, Trojan horse or other harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of the Site or to your downloading of any material from it.
This Site including these Terms and Conditions and all matters arising from or connected with them shall be governed by and construed in accordance with English law and shall be subject to the exclusive jurisdiction of the English courts.
Some of these Terms and Conditions may be superseded by specific provisions published elsewhere on the Site. We reserve the right to vary these terms from time to time by amending this page and you should check it from time to time to note any changes made.
Contact Details for Further Information and Queries
If you have any queries regarding this website, or would like further information about Foresight Group, you may send an email to firstname.lastname@example.org or telephone 020 3667 8100. Full contact details for Foresight Group are available on the “Contact Us” page of this website. Neither Williams Grand Prix Engineering Limited nor any of its affiliates assumes any responsibility for the contents of this communication.
The contents of this website have been prepared by and approved as a financial promotion for the purpose of Section 21 of the Financial Services and Markets Act 2000 by Foresight Group LLP, which is authorised and regulated by the Financial Conduct Authority (FRN: 198020). Neither Williams Technology Ventures Limited nor any member of the group of companies of which Williams Grand Prix Holdings PLC is the ultimate parent company, assumes any responsibility for the contents of this website.