Stephen Geddes, Managing Director of Mainspring Fund Services presents 2016 Best EIS Investment Manager Award to Calculus Capital
4th November 2016
Calculus Capital won the highly coveted Best EIS Investment Manager prize at the 2016 Growth Investor Awards. The award, sponsored by Mainspring Fund Services, was open to any investment manager specialising in Enterprise Investment Schemes, and was judged on investment volume, impact on the investee company, product development and adviser outreach.
The Award was presented to Calculus Capital by Stephen Geddes of Mainspring Fund Services. Calculus Capital fought off strong competition from MMC Ventures, Parkwalk Advisors, PUMA Investments, Seneca Partners and TIME Investments.
Daniel Kiernan, Research Director at Intelligent Partnership, explained why the judging panel selected Calculus Capital: “The judges praised Calculus for its impact on investees, levels of adviser engagement and focus on capital appreciation. All of the judges felt that it was good to see that this long established industry veteran hasn’t lost its innovative edge.”
Stephen Geddes, CEO of Mainspring Fund Services, commented: “Over 24,500 individual companies have received investment through the EIS scheme since it was launched in 1993, and over £14bn of funds have been raised according to HMRC. As a leading supplier of fund administration and custody services to private equity, venture capital, EIS, and other alternative fund managers in the UK, Mainspring is proud to support the Growth Investor Awards in its campaign to recognise the impact beyond investment of the SME fund management community. By providing the core of their fund operations, Mainspring empowers fund managers to focus on their portfolio and enable growth within their investee companies.”
The night also featured keynote speeches that highlighted to importance of companies using tax advantaged venture capital schemes to help them scale up quickly, as well the need to support SMEs that are creating jobs, generating tax revenue and helping to drive Britain’s economic recovery.
Iain Wright, MP for Hartlepool and Chairman of the Business, Energy and Industrial Strategy Select Committee, said: “Venture capital initiatives like the EIS, SEIS and the Angel Co Fund should not be tinkered with, but instead widely promoted and become a truly stable if not permanent part of the access to finance ecosystem.” Lending his weight to the campaign: “I hope the Growth Investor Awards can continue to scale up, to go from strength to strength and show the positive impact that the SME investment community is having in generating growth, jobs and wealth.”
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