Future Capital launches third green energy EIS

Future Capital Partners has added to its range of green energy enterprise investment scheme (EIS) funds with the launch of Elara III.

The fund, which is unveiled after its predecessor Elara II closed on raising £4m, will follow a “conservative” investment strategy targeting lower-risk opportunities in the renewable energy sector.

Areas targeted by the portfolio include the construction of wind installations and anaerobic digestion plants, as well as the wholesaling of renewable energy supplies such as solar panels.

Elara III has a minimum investment of £5,000 and targets annual rate of return of 29.28% on a pre-tax basis. EIS investors can qualify for 30% income tax relief on investments up to £500,000 in the current tax year.

A spokesperson for Future Capital Partners says: “The success we have had with our previous Elara funds, and the appetite among investors for the diversified renewable energy strategy they adopt, is validation of our approach to the green investment sector.”