New classic car EIS gets into top gear

Also aimed at re-structuring of specialist aerospace

clock • 2 min read

Engineering feats both old and new are the focus of two EIS aimed at investors interested either in classic cars or the re-structuring of specialist aerospace, defence or security firms suffering from previous bouts of bad financial management.

The first scheme comes from Chillingham Classics which has joined forces with private investment platform Cloisters Ventures for the first-ever EIS-eligible classic car company. Led by renowned classic car expert and collector Max Wakefield, chief executive of Chillingham, the company is hoping to raise £3.8m with a target return of two times the net cost of investment over three to four years. Lest investors think a classic car EIS is for petrolheads only, Cloisters' managing director Jack Sheehan said the company's investor base also includes IFAs and other advisers interested in th...

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