WH Ireland launches UK EIS Growth fund

Wealth manager and stockbroker WH Ireland has launched a UK EIS Growth fund in partnership with Harcourt Capital, seeking to raise an initial £10m.

The fund will focus on the UK small-cap sector and will benefit from Enterprise Investment Scheme (EIS) tax incentives, the group said.

Paul Sheehan, who previously managed the Jupiter Primadona Growth trust, will run the fund.

He said: "We believe, because of the technical challenges of making and managing investments in smaller, often under-researched companies, investment through a high quality fund is the most suitable way for many investors to benefit from EIS."

Chief executive of WH Ireland, Paul Compton said, "Overall, this depth of experience puts WH Ireland in a strong position to capitalise on the opportunities that are available through EIS."

The closing date for the fund is 5 April 2012, with a minimum investment of £10,000.