The ProVen Estate Planning Service (PEPS) provides investors with an opportunity to invest in businesses that tap into the UK solar industry, as well as companies that lend to UK-based SMEs. All whilst providing inheritance tax (IHT) relief, through investing in companies that qualify for Business Relief (BR).

PEPS is managed by Beringea, a transatlantic venture capital firm with more than $800m of assets under management both in the UK and the US.

Below, we lay out the structure and targets of the service, and how it can support your investment objectives.

Our structure

The ProVen Estate Planning Service is a discretionary investment platform. This means that - based upon an investor’s needs and preferences - your investment will be structured across four trading companies, which span two core strategies.

These two strategies, which exclusively focus on investments in UK-based trading companies, are solar and lending:

Solar

Our solar-focused trading companies offer investors access to a portfolio of more than 2,500 residential and commercial rooftop solar systems and 9 large-scale solar power plants.

Our solar investments typically have long-term contracts in place for the sale of the electricity generated. These firms also own and operate their own plant and machinery, boosting their value and reducing risk to shareholders.

Lending

The lending trading companies make short and medium term loans to a range of small and medium sized UK businesses to boost portfolio diversification. We typically loan to companies that pledge collateral, such as fixed and current assets, to reduce risk.

How investors’ money is distributed

Investors’ money comes to the ProVen Estate Planning Service and is distributed across a combination of the above companies through an allocation committee. Our committee will make the allocation based on the aims and objectives of each individual investor.

Mostly, investors’ money is allocated through a 25% split into each of the four trading companies. For example, if they invest £100,000 into the service, they will get £25,000 worth of shares in each company.

But this isn’t always the case. Sometimes investors will want more emphasis on solar, or on income, so we may only invest their money in two companies.

How the trading companies are managed

Three of the trading companies are managed by ProVen in partnership with Armstrong Capital, a specialist renewable energy investment firm.

The other trading company is managed solely by the team at Beringea, the transatlantic venture capital firm that owns the ProVen Estate Planning Service.

Armstrong’s directors include Michael Hughes and Chris Carlson, who have been working in renewable energy investments for more than 10 years

ProVen’s director is Andrew Webster, who has more than 30 years’ experience of working in financial services.

How to invest in the ProVen Estate Planning Service

Investments into unlisted companies are high-risk and the ProVen Estate Planning Service will therefore not be suitable to all investors.  

Private investors are advised to consult with an independent financial adviser who is qualified to advise on higher-risk investments.

Beringea cannot offer investment or tax advice but if you want to find out more about our service, please email info@beringea.co.uk.

Alternatively, please read the ProVen Estate Planning Services brochure here.

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This article is for UK residents interested in finding out more about Business Relief and the ProVen Estate Planning Service strategies. UK tax rules and regulations are subject to change, and such changes may be retrospective. Your ability to obtain tax reliefs will depend on your personal circumstances. It is not our intention to offer legal, tax or investment advice, and we always recommend that investors seek professional advice that can take account of their personal circumstances before making any investment or estate planning decisions. An investment in the ProVen Estate Planning Service should be considered high risk and past performance is not a good indicator of future results.

Important notice: issued by Beringea LLP of Charter House, 55 Drury Lane, London, England WC2B 5SQ, registered in England & Wales number OC342919 and authorised and regulated by the Financial Conduct Authority, number 496358.