A collaboration between Parkwalk and Northern Gritstone
The Northern Universities Venture Fund is NOW OPEN. Please email [email protected] or call 0207 062 9835 for more information.
The Northern Universities Venture Fund (NUVF), in collaboration with Northern Gritstone, offers investors access to leading science and IP-rich businesses from the Northern Arc Universities of Leeds, Liverpool, Manchester and Sheffield. Investors will receive a diverse portfolio of 5-10 university spinout companies from the Northern Arc Universities, from Seed to Series B, and can benefit from tax reliefs via the Enterprise Investment Scheme.
This collaboration brings together two of the UK’s leading forces in university commercialisation. Parkwalk’s expertise in venture capital and deep tech, combined with Northern Gritstone’s unrivalled university partnerships, means we can offer investors access to an exceptional and underexploited pipeline of innovation.
5 EIS tax reliefs available:
- 30% Income tax relief, available in the year of investment or carried back to the previous year
- Capital gains tax deferral – on gains made in prior three years or for one year following investment
- IHT free – provided the investments are held for two years and are held at time of death
- Tax free capital gains on the investments
- Loss relief – option to claim losses against capital gains or income*
About The Fund
Since 2009, Parkwalk has backed cutting-edge innovation developed by some of the brightest minds in the UK, across sectors such as quantum computing, AI, digital health and life sciences. Parkwalk is the UK’s leading growth EIS Fund manager, having invested in over 180 companies, with over 70 exits to date and consistent deployment.
Northern Gritstone invests in innovative businesses in the North of England, primarily spinning out from the Universities of Leeds, Liverpool, Manchester and Sheffield — institutions that are pushing the envelope of research and evolving new technologies. The Fund has attracted co-investor funding of over £360m, and is chaired by Lord Jim O’Neill.
*Please note: Investments must be held for 3 years to achieve all 5 tax reliefs. Tax reliefs are dependent upon an investor’s circumstances. We strongly suggest that you seek specialist tax advice. Tax benefits above are as at March 2024. Loss relief reduces the impact of a loss but does not eliminate it entirely.
Northern Universities Venture Fund
Northern Gritstone holds preferred partnership status with these universities through multi-year agreements and also backs early-stage science and innovation companies across the North of England outside of these universities.
Since making its first investment in May 2022, NG has invested and committed £65 million into 32 companies, attracting co-investor funding of £301 million. The result is a combined £366 million of investment into IP-rich science and technology businesses located in the North of England over the last 3 years*.
The Fund utilises the tax reliefs of the government’s EIS and SEIS schemes where applicable.
*Committed and invested capital deployed by Northern Gritstone and co-investors into companies based in the North of England since the inception of Northern Gritstone.
Northern Universities Venture Fund
View Key Information Document
View Key Information Document
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Parkwalk
EIS Funds’ Valuations
Parkwalk is the largest growth EIS fund manager, focusing on a distinct asset class.
Our investment strategy yields fast deployment and a proven track record of delivering returns.
EIS Investing
Parkwalk makes full use of tax advantaged EIS qualifying investments enabling investors to benefit from government EIS tax reliefs. This balances risk and reward for investors, whilst financing innovative UK start-up companies and attracts a broad range of investors.
Risk Warning
The investments described in this website will place your capital at risk. Past performance may not be repeated and is not indicative of future results. Tax reliefs are dependent on investors’ individual circumstance and are subject to change. An investment in a fund managed by Parkwalk must be made only on the basis of the fund’s Information Memorandum and Key Information Document. Parkwalk does not provide investment or tax advice, and the information on this website should not be construed as such.
Parkwalk is the trading name of Parkwalk Advisors Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FRN: 502237). Parkwalk is registered in England & Wales (registration number 06925696) at 3 Pancras Square, King’s Cross N1C 4AG. Parkwalk is an IP Group plc company.
