Downing Corporate unveils nursery EIS

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Downing Corporate Finance is targeting intermediaries with an EIS focused on the childcare nursery s...

Downing Corporate Finance is targeting intermediaries with an EIS focused on the childcare nursery sector. Downing Nurseries, which is looking to raise £10m, is the first such scheme from the group and follows on from the earlier launch of Childcare Corporation 5 from Teather & Greenwood. Minimum investment is £2,500 and the closing date for subscriptions for the 2002/03 tax year is 30 May 2002. Initial commission of 2.5% is available. Downing Nurseries will gear up to 50% and this should give the board a projected portfolio of 15 childrens' day nurseries. The group anticipates bei...

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