I am delighted to present the second quarterly update of 2023, showcasing some great news stories from our portfolio companies.
This quarter, we also published the Calculus VCT annual report and announced the dividend. We were pleased to show a strong year end performance, with another uplift in total return to shareholders.
The latest figures published by HMRC, show EIS investment soared to record levels in the 2021/22 tax year. 4,480 companies raised £2.3bn under the scheme, an uplift of 39% from the year before. This further endorses the popularity of the product, as investors look to back entrepreneurial UK based companies, which could be the game changers of the future. Our Calculus EIS Fund is open for subscription and invests predominantly in innovative healthcare and technology companies.
If you would like to get in touch with the team to discuss your current portfolio or about making a new investment, they would be very happy to assist; 0207 493 4940/ [email protected]
Best wishes,
John Glencross, Chief Executive
Portfolio Company News
OBT initiates Phase 1b trial for patients with advanced tumours
Oxford Biotherapeutics (OBT), a clinical stage oncology company, is progressing the clinical development of its novel treatment option for patients with advanced solid tumours.
Brouhaha’s Firebrand impresses at Cannes Film Festival
The world premiere of ‘Firebrand’ starring Jude Law and Alicia Vikander received an 8 minute standing ovation.
Spectral MD wins $4m grant for battlefield burns device
The grant will enable continued development of the fully portable handheld DeepView device to support the military.
Open Energy Market launches Net Zero Platform
Open Energy Market, a leading provider of energy procurement services, launched True, a platform designed to help companies hit their net zero goals.
Invizius progresses clinical study to help address complications of haemodialysis
Invizius announces ‘Angry Blood’ Haemodialysis Study and recruits 300th patient, to help those who have a high risk of serious cardiovascular complications when undergoing HD.
Wonderhood’s ‘Evacuation’ receives 5* reviews
The documentary tells the story behind the British withdrawal from Kabul in summer 2021, through the experiences of military personnel.
Spotlight on
Utilising EIS for inheritance tax planning Figures released in June show the Treasury has received £1.2bn in IHT in the first 8 weeks of 23/24. A combination of frozen thresholds and soaring property prices means more people are getting caught in the net.
Learn more on how you can utilise EIS for IHT planning here
Past performance is not a guide to future performance. Tax benefits depend on the individual circumstances of each investor and may be subject to change in the future.