AVAILABLE IN ISAs Experts in AIM Puma AIM IHT Service Puma AIM IHT Service is a discretionary portfolio service investing in AIM for long term growth, together with ‘an innovative potential inheritance tax benefits, and available in ISAs. Puma Investments is an award winning investment house with manager, most recently having won ‘Best AIM Investment Manager’ at the 2016 Growth Investor good adviser Awards. We offer a range of tax-efficient investments with a engagement’ proven track record of delivering for our investors and the businesses we support. Call our Business Daniel Kiernan, Development Team on 0207 408 4070 or visit Research Director at www.pumainvestments.co.uk to find out more. Intelligent Partnership. This notice is aimed at financial advisors only and is not intended for retail clients. Puma Investments is a trading name of Puma Investment Management Limited which is authorised and regulated by the Financial Conduct Authority. Advert - AIM Nov 2016_v7.indd 1 21/12/2016 16:04 AVAILABLE IN ISAs CONTENTS CHAPTER • 1 Editor’s Welcome Michael Wilson, Editor In Chief News A round up of industry news CHAPTER • 2 The New Kids on the Block An investment showcase bringing you the newest offering from the sector The Exiteers Bringing you news of successful exits in the sector Film Club Training the lens on investments with movie star qualities How to Invest in TV and Movies for Real The Atlantic Screen Group, an independent Experts in AIM Returns and Tax Efficiency media company based in Marlborough What Does 2017 Hold for Tax Advantaged Products? Jack Rose, Head of Tax Products at LGBR Capital Puma AIM IHT Service Knowledge is Power in Sector-Specific Investing Ian Warwick, Managing Partner at Deepbridge Capital Breaking Down Barriers: The Rise of Technology David Lovell, Operations Director at GrowthInvest Puma AIM IHT Service is a discretionary portfolio service investing in AIM for long term growth, together with ‘an innovative Keeping it in the Family: The IHT Conundrum Ian Battersby, Business Development potential inheritance tax benefits, and available in ISAs. Director at Seneca Partners Puma Investments is an award winning investment house with VCTs: Backing British Business and Boosting the Economy Annabel Brodie-Smith, Communications Director at the Association of Investment Companies manager, most recently having won ‘Best AIM Investment Manager’ at the 2016 Growth Investor good adviser SEIS: 5 Steps to Investing Matthew Cushen, Co-founder of Worth Capital Awards. Tax Just Got More Taxing: Dealing with Changes to IHT Stuart Lewis, Head of Tax Efficient We offer a range of tax-efficient investments with a engagement’ Investments at Octopus Investments proven track record of delivering for our investors and Spotlight on Future Investments: Next Generation Transport Miles Kirby, Director of Growth the businesses we support. Call our Business Daniel Kiernan, Investments at Oxford Capital Development Team on 0207 408 4070 or visit Research Director at Risk Equals Reward: How Early Stage Investment Gonçalo de Vasconcelos, Chief www.pumainvestments.co.uk to find out more. Intelligent Partnership. Provides Bang for Your Clients Bucks Executive at SyndicateRoom CHAPTER • 3 Open Offers Our monthly listing of what’s currently available for subscription GBI Magazine is published by GBI Magazine is a trademark of IFA M AGAZINE IFA Magazine Publications Limited, Magazine Publications Limited. No part The Tobacco Factory, Loft 3, Bristol BS3 1TF of this publication may be reproduced Full subscription details and eligibility criteria or stored in any printed or electronic Telephone: +44 (0)117 9532 003 Commissioning Editor: Michelle McGagh are available at www.gbinvestments.co.uk retrieval system without prior permission. ©2017. All rights reserved. All material has been carefully checked This notice is aimed at financial advisors only and is not intended for Editor-in-Chief: Michael Wilson Publishing director: Alex Sullivan for accuracy, but no responsibility can be [email protected] [email protected] GBI Magazine is for professional accepted for inaccuracies, independent retail clients. Puma Investments is a trading name of Puma Investment advisers only. research and where necessary legal advice City Editor: Neil Martin Design: Fanatic Design should be sought before acting on any Management Limited which is authorised and regulated by the Financial [email protected] www.fanaticdesign.co.uk Full subscription details and eligibility criteria information contained in this publication. Conduct Authority. are available at www.gbinvestments.co.uk What do we mean by “government backed”? In the interests of clarity, any reference made by GB Investments to the point that EIS, VCTs and similar investments are government backed relates to the government’s general approval of these schemes, indicated by their having granted them highly tax advantaged status. The use of this term does not imply that government would in any way act in the capacity as a guarantor or backer of last resort in connection with such schemes. Advert - AIM Nov 2016_v7.indd 1 21/12/2016 16:04 WELCOME FROM MICHAEL WILSON, EDITOR IN CHIEF A very warm welcome to the launch of Questions, Questions. And Answers, Too GB Investments Magazine, the magazine and We don’t know the answers to these questions yet website that brings alternative investments right up – indeed, we hardly even know the questions. What to the minute. We hope you’ll enjoy our extended we do know is that the wide range of alternative coverage of all aspects of the alternative scene – investment vehicles brings risk-tolerant private that now includes not just Enterprise Investment investors together with deserving and dynamic Schemes, which have tended to dominate the smaller and mid-sized companies in ways that could sector, but also the Venture Capital Trust system, not have been imagined a few decades ago. the Business Property Relief structure, the various arms of the Alternative Investment Market – and, The many tax advantages to accrue to these schemes increasingly, new areas such as crowdfunding and are hardly even the investment mainspring – for that, social investment tax relief. we only need to look at the way that smaller caps and mid-caps have outperformed the FTSE 100 over the Our new digital Open Offers section contains last two troubled years. Neither Trump nor Brexit, details of more than 30 schemes and funds that neither higher bank rates nor the “Great Rotation” are currently open to investment – making GB out of bonds will ever dent the boundless inventive Investments Magazine the premier point of contact vitality that characterises this sector. And that’s for advisers who want to know what’s going on in where we hope that GB Investments Magazine’s this thriving sector. focus on dynamic and forward looking investment Constant Change is Here to Stay will help you to help your clients in moving forward with detailed knowledge and with confidence. You will have noticed that the investment climate is just a little bit jittery at the moment and the reasons are familiar to all of us. The Brexit vote, the Trump Mike Wilson, presidency and the loudly-vaunted end of the Editor-in-chief bull market in bonds have all come at a time when Prime Minister Theresa May’s own six month old government is finding both its feet and its self- discipline. There are still major questions to be asked about how the new government is to promote tax efficient investment in the higher-risk, largely unlisted sector of the market, while also clamping down on avoidance issues that have sometimes made headlines for all the wrong reasons. Will the IHT exemptions continue to apply for all alternative market investors, or will they be curtailed for foreign interests, and perhaps for others? Will the trust rules remain as they are? Will the proposed introduction of peer-to-peer ISA vehicles prove to be a turning point or a muddy swamp for regulators? And indeed, will Britain’s alternative investment scene continue to get its directions from Europe’s MiFID II regulations, or will it all go out of the window after Brexit? 4 GB Investment Magazine · February 2017 Maxine Peake stars in ‘Funny David Tennant in Gizmo Cow’ with Martin Freeman Films’ ‘Mad To Be Normal’ GIZMO FILMS HAS BEEN MAKING FILMS SINCE 1997 AND NOW SPECIALISES IN IDENTIFYING, FINANCING AND CO-PRODUCING THE VERY BEST OF UK INDEPENDENT FEATURE FILMS. We only select and work with projects that meet strict criteria for offering investor value and the prospect of good returns: › Well known and saleable cast, experienced producers and director › Realistic budgets – we will only back films where the budget is significantly lower than the sales estimates › Sales Agent attached and preferably distributor confirmed with a major international distribution company such as Lions Gate and Entertainment One › SEIS and EIS available › UK tax credit qualifying – cutting production costs by 20% › Equity investors positioned as high as possible in recoupment schedule We aim to build long term relationships with investors and ensure full communication, strict financial compliance and lower risks. We encourage direct investor involvement such as set visits, exclusive screenings and premiere invites. In 2016 we completed ‘Mad To Be Normal’ with David Tennant, Elisabeth Moss, Michael Gambon and Gabriel Byrne and have a number of projects at different stages of production. In Autumn 2016 we launched ‘Funny Cow’, starring Martin Freeman, Maxine Peake, Stephen Graham and Vic Reeves a comedy drama set in the working men’s clubs cabaret circuit in the 1970s and 80s. We always have a number of exciting projects open for both SEIS and EIS so get in touch for more information email [email protected] or visit our websitewww.gizmofilms.com Robotics start-up investment fund switched on It will invest in up to 12 robotics robotisation are beginning to drive start-ups each year across a significant productivity improvements broad range of sectors including, across the global economy, making construction, logistics, agriculture it one of today’s most exciting and domestic robots.