An opportunity to invest in the global television industry
The focus of Ingenious Vision VCT is to provide early funding to unquoted companies with high growth potential that develop, produce or exploit television and other forms of audio-visual content.
We also consider opportunities elsewhere across the media and entertainment sector that adhere to our investment objectives and enable us to develop a diversified investment portfolio.
Why invest in television?
The UK is a world leader in television production and broadcasting – creating programmes and TV formats that are watched around the globe. Total revenues from the UK television production sector reached just over £2.5 billion in 2016.*
International TV drama continues to go from strength-to-strength and audiences’ appetite for bigger, bolder projects is growing. The boom in high-end television drama continues and, the scale and ambition of projects is increasing.
Netflix expects to spend $8bn in 2018 on around 700 original programmes for its service with at least 80 of these being produced outside the US. Amazon’s spend is forecast to increase from $4bn to $8bn by 2022 and Apple is set to spend up to $4bn over the same period.**
The UK’s entertainment and media sectors are strong and thriving – the UK is the largest audio-visual market in Europe both in terms of revenue and Gross Value Added (GVA), the latter being 20 per cent larger than Germany and 50 per cent larger than France.***
Who might benefit from an investment in Vision VCT?
Investors with at least £3,000 to invest
Are comfortable investing in small unquoted companies with the potential for high growth at a high level of risk and who understand the implications of such risk
Are happy with an investment horizon of at least 5 years and pay UK tax
Have sufficient income tax liability to claim income tax relief
Wish to receive tax free dividends
Wish any gain made on the disposal of VCT shares to be tax free
Wish to invest in the future growth and success of the UK TV production market which is an important sector for the UK economy.
How to invest
The Offer is available from • December 2018 and may close at any time thereafter but no later than 5 April 2019 in relation to the 2018/19 Offer and 31 July 2019 in relation to the 2019/20 Offer. The Board may close the Offer earlier than the dates stated above if the Offer is fully subscribed by an earlier date or, otherwise at the Board’s discretion.
How we manage risk
At Ingenious, we understand the importance of effectively managing the risks faced by the VCT and its Investee Companies in order to increase the likelihood of delivering target returns to investors. We’ll seek to manage risk by introducing certain measures that include:
Ensuring each investment opportunity is subject to a thorough due diligence process
Assessing the prospects of Investee Companies attracting worldwide distribution of their content before commissioning material production expenditure
Ensuring each Investee Company has received advance assurance from HMRC in respect of its VCT qualifying status
Continuous monitoring of the investments by the Advisory and Oversight Committee and appointing one or more employees of the Ingenious Group and/or an Ingenious Corporate Director to the board of each Investee Company
Obtaining relevant insurance policies (where appropriate) in order to protect the Investee Company from exposure to normal industry risks.
Want to know more?
Call us on 020 7319 4291
Email us at email@example.com
The value of an investment may go down as well as up and investors may not get back the full amount invested.
Tax treatment depends on the individual circumstances of each client and may be subject to change in future.
Investments made by the Manager are in unquoted companies and are therefore likely to have less liquidity than listed shares.
Past performance is not a reliable indicator of future results.
* O&O Associates Ltd/ PACT Census 2016
** Strategy Analytic data in TBI Vision article on 1 March 2018
*** The Guardian March 2017