The ProVen Estate Planning Service (PEPS) is designed to help you to mitigate inheritance tax through business relief. Its distinctive focus on UK solar and lending helped the PEPS to secure a rating of 87 from the Tax Efficient Review, and its investments ranked among the highest performing companies in the sector.
+£100m
4-5%
4.49%
Your Details
Investor Type
How it works
ProVen EPS
Solar Strategy
- Our solar strategy provides access to investments in companies that are exclusively focused on UK solar assets.
- The solar companies benefit from index-linked UK Government subsidies providing a potential inflation hedge.
- Portfolio of 9 ground-mounted solar farms and 2,700 rooftop assets.
ProVen EPS
Lending Strategy
- The lending companies provide loans to UK SMEs on a fully secured basis.
- Target borrowers are businesses that have robust cash generative business models and which can provide strong asset coverage.
- With a total of £40m lent, the portfolio is well secured with a loan to value of 40%, and the lending companies have a track-record of 100% repayment.
PEPS: Reasons to invest
Inflation hedging
A significant proportion of the trading companies available within PEPS generate their revenues through index-linked Government subsidies, offering a potential inflation hedge.
Clear focus on UK assets
We only invest in trading companies with operations or investments in the UK, meaning you will know exactly where your money is going.
Diligence and experience
With independent boards and valuation processes across the trading companies, and a 25-year track-record of lending to and investing in SMEs, we offer a diligent and expert service.
PEPS: Risks to bear in mind
Capital at risk
Your capital is at risk, past performance is not a guarantee of future results, and there is potential that the value of investments may fall as well as rise.
Tax rules may change
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.
Qualifying status
The availability of tax reliefs depends on trading companies withing PEPS maintaining their qualifying status, meaning we cannot guarantee all investments will qualify in future.
Why solar?
- Net zero: the race to net zero requires substantial investment in UK solar, providing a commercial opportunity for the PEPS solar strategy.
- Government subsidies: index-linked subsidies provide a valuable revenue stream for PEPS-backed companies.
- Proven technology: solar assets have a significantly lower risk profile than general infrastructure assets due to having proven technology and lower operational costs.
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Why lending?
- Track-record: through managing the ProVen VCTs for more than 20 years, we have developed substantial expertise in backing SMEs.
- Stability: the PEPS lending strategy only backs revenue-generating SMEs in resilient sectors with predictable cash-flows or assets to secure against.
- Structured deals: we aim to mitigate risk through sensible lending structures such as amortising loan profiles, strong asset cover, and senior security.
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Brochure
Please read this document in full before considering an application to invest - it includes the key risks to know, a detailed summary of PEPS, and how an investment would work.
Investor agreement
This document explains the key terms and definitions that you will need to know when applying.
Custodian terms and conditions
This document lays out the terms and conditions of Mainspring, which provides custodian services to investors in PEPS.
Our team of specialist investors
Andrew Webster
Investment Director: Beringea
Andrew Webster
Investment Director: Beringea
Andrew works in Beringea’s Growth Finance team, where he is responsible for sourcing and analysing opportunities to provide debt-based finance to fast growing companies. Andrew has more than 30 years’ experience in financial services and lending.
Originally a corporate banker with Kleinwort Benson, Andrew held a senior position in the asset finance division at ING. After a spell at Noble, the venture finance provider, he co-founded Boost&Co, a private debt lender to UK SMEs.
Andrew has recently held roles as a partner at Cameron Barney and an operational role as interim CFO at Cube.Global, a fintech software platform providing compliance and regulatory support to financial services customers.
Michael Hughes
Director: Armstrong
Michael Hughes
Director: Armstrong
Michael is head of operations and investments across the Armstrong group of companies.
Michael joined Armstrong in February 2018 and prior to this Michael was a Partner at Downing LLP where he focused on investments in the energy, leisure and lending sectors and was an integral part of the team responsible for growing funds under management at Downing from £200 million to £1 billion.
Prior to joining Downing in 2009, Michael was a Divisional Director at Close Investments (part of Close Brother Group plc).
Michael has a degree in Geography (BSc) and is a qualified FCCA (2000).
Chris Carlson
Investment Director: Armstrong
Chris Carlson
Investment Director: Armstrong
Chris is the Investment Director at Armstrong focusing on the renewable energy and storage sectors. Prior to joining Armstrong, Chris was an Investment Director at Octopus Renewables, evaluating investments in energy infrastructure assets including solar, storage and flexible generation.
Chris has over 20 years of financial and professional services experience, mainly in the real estate and energy industries. Chris graduated with a Bachelor of Commerce from the University of British Columbia, is a Chartered Accountant (Canada) and holds the Chartered Financial Analyst designation.
PEPS: FAQs
What charges are associated with investing in the PEPS?
How will my investment be allocated across the underlying trading companies?
How much am I able to invest in this service?
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Get in touch
The ProVen products are managed by Beringea, a specialist award-winning venture capital firm. If you have any questions, you can contact us at:
