Guinness Asset Management has recently launched a fund aiming to make renewables investors a 10%-12% return from feed-in tariff (FiT) projects by combining FiT revenues with tax relief available from the Enterprise Investment Scheme. Normally FiT investors would expect an annualised return of 5%-8%, but Guinness said this fund can exceed these returns by offering 20% initial income tax relief and exemption from capital gains tax and inheritance tax on qualifying investments. The fund has a minimum investment level of £10,000 and a target size of £10mn.
Utility Week Guinness
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