Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment.
Take 2 minutes to learn more

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.

Total funds on the platform

+£100m

Target returns across the service

4-5%

Five-year blended growth of trading companies

4.8%

If you are thinking of investing in PEPS either directly or through an execution only broker, please complete this contact form and a member of the Beringea team will be in touch. Otherwise, please contact an independent financial advisor.

Your Details

Investor Type

Request information about PEPS

Please enter your details below and a member of the Beringea team will get back to you shortly.
Please enter your full name and a valid email address

Investor type

This product is a high risk investment and is not suitable for all investors. Please confirm which of the following criteria you meet:
Please select one of the following options.
Thank you for your submission
A member of the Beringea team will be in touch shortly.
Close
Oops! Something went wrong while submitting the form.

How it works

PEPS offers the opportunity to invest in companies that should be eligible for business relief. If you hold your investment for at least two years and at time of death, it will be eligible for relief from inheritance tax. The trading companies backed by PEPS specialise in two specific investment sectors that have a clear, defined focus:

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.

Find out more

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.

Find out more

Our team of specialist investors

Andrew Webster
Investment Director: Beringea

Andrew Webster

Investment Director: Beringea

Shane Elliott

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.

X
Michael Hughes
Director: Armstrong

Michael Hughes

Director: Armstrong

Shane Elliott

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).

X
Chris Carlson
Investment Director: Armstrong

Chris Carlson

Investment Director: Armstrong

Shane Elliott

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.

X

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?

Where can I find out more information about my investment in the PEPS?

Key Documents

Brochure

Investor agreement

Custodian Terms & Conditions

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:

020 7845 7820 | info@beringea.co.uk

020 7845 7820
info@beringea.co.uk

Key Features

Minimum investment: £25,000 (there is no maximum)

Target return (after charges): 4.0-5.0% p.a. over the medium-term (this is a target and is not guaranteed)

Allotments: Shares are usually allotted once a month

Distributions: Available on a six-monthly or annual basis

Exits: Exit requests can be made once a month (subject to liquidity, 30 days’ notice and Beringea’s discretion)

Contact

For more information on Proven EPS call us on:

020 7845 7820

Contact us

Our Approach to Investing

The Service has been designed to provide UK investors with a managed portfolio of Business Relief qualifying investments which seek to provide attractive rates of growth of 4-5% per annum while offering a degree of capital preservation.

The Trading Companies available within the Service will be in either the UK lending and/or UK solar sectors and will each have their own business plans and objectives within these sectors.

Risk Factors

Investments accessed through this service are made into private companies, which are not as liquid or easy to value as other investments. As a result, these are deemed to carry a higher risk than many other types of investment.

  • Investments should be considered as long-term
  • The value of your investment may go down as well as up
  • Tax reliefs cannot be guaranteed and are subject to your personal circumstances and to any changes over time to the tax regime

More details about risk can be found in the Brochure for the Service, which you can find in the key documents below. It’s important that you read these before deciding whether the service is right for your needs. If you are unsure whether the Service is right for you given your personal circumstances, you should seek advice from a financial adviser.

Key Documents

Brochure

Download

Investor agreement

Download

Custodian Terms & Conditions

Download

How to Invest

The Service is currently only available to clients of regulated financial advisers. If you do not have a financial advisor, we recommend you speak to one before making an application and they will be able to advise you on the suitability of the Service for your personal circumstances.

Find out more

ANDREW WEBSTER

INVESTMENT DIRECTOR

ANDREW WEBSTER

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet.

X

CHRIS CARLSON

INVESTMENT DIRECTOR

CHRIS CARLSON

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet.

X

MICHAEL HUGHES

DIRECTOR

MICHAEL HUGHES

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet.

X
Preferences

Privacy is important to us, so you have the option of disabling certain types of storage that may not be necessary for the basic functioning of the website. Blocking categories may impact your experience on the website. More information

Accept all cookies

These items are required to enable basic website functionality.

Always active

These items are used to deliver advertising that is more relevant to you and your interests.

These items allow the website to remember choices you make (such as your user name, language, or the region you are in) and provide enhanced, more personal features.

These items help the website operator understand how its website performs, how visitors interact with the site, and whether there may be technical issues.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
ProVen VCTs are open for investment
Find out more