Synaptec’s innovative technology can reduce downtime and allow easier and cheaper monitoring of the increasingly complex electric power grid The Foresight Williams Technology EIS Fund invested £2 million alongside £100,000 from the newly created Foresight Scottish Growth Fund The funding will be used to scale-up production, grow international sales and exploit future data analytics opportunities […]
• University of Oxford Chemistry Department spin out company, Refeyn, has received a £1 million equity investment from Foresight Williams Technology EIS Fund as part of a £2.55m round • Refeyn has created a new technology application in protein mass measurement that could transform the discovery and production of new biopharma drugs • Investment will […]
Open Bionics attracts £1.5m investment from Foresight Williams Technology EIS Fund Open Bionics is building and developing the next generation of bionic limbs The investment is part of £4.66m growth round to scale the business Williams to assist in production engineering This marks the Fund’s ninth investment LONDON, 11 January 2019: Foresight Group (“Foresight”) […]
First modular collaborative robot (“cobot”) intended to focus on batch manufacturing tasks Development of proprietary light-weight modular cobot Developed by former defence robotics engineers The Fund supports disruptive technologies with high performance engineering capability and proven investment management LONDON, 05 November 2018: Foresight Group (“Foresight”) announces the £1.5m growth capital investment into Inovo Robotics Limited […]
LONDON, 23 October 2018: Foresight Group (“Foresight”) announces the £1.7 million investment from the Foresight Williams Technology EIS Fund (“the Fund”) into FreeFlow Technologies Limited (“FreeFlow” or the “Company”). FreeFlow is developing a patented e-bike system technology that promises to be lightweight and compact, providing a higher power density than existing solutions. The Company’s novel […]
LONDON, 23 May 2018: Foresight Group (“Foresight”) announces the investment of £2.1 million into Oxford Space Systems Limited (“OSS” or the “Company”) from the Foresight Williams Technology EIS Fund (“the Fund”). Oxford Space Systems is a space technology business developing a new generation of light-weight unfurlable boom arms and foldable antennae Synergies with Williams Advanced […]
Investment alongside £2 million from existing investors Game-changing rugged gas analyser technology The Fund supports disruptive technologies with high-performance engineering capacity and proven investment management LONDON, 30 April 2018: Foresight Group (“Foresight”,) is pleased to announce the investment of £1.58 million into MIRICO Limited (“MIRICO” or the “Company”) from Foresight Williams Technology EIS Fund (“the […]
Geospatial Insight is a leading provider of satellite imagery analysis for insurance, investment and corporate sectors Established team with +20-year track record in the sector The Fund supports disruptive technologies with high performance engineering capability and proven investment management LONDON, 26 April 2018: Foresight Group (“Foresight”) announces the £1.68 million investment from the Foresight Williams […]
This fund, launched and managed by Foresight, will benefit from a unique collaboration between Williams and Foresight Group combining the technological expertise of Williams Advanced Engineering and Foresight’s successful track record as investment manager, of making and exiting investments in UK based early stage and later stage SMEs.
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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.
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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.
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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.