Armstrong is pleased to announce that its managed solar businesses, Solar Growth Limited and Solar Income and Growth Limited, are to form a central part of a newly launched estate planning service from award-winning VCT manager, Beringea.
The Beringea Estate Planning Service is a new IHT offering by Beringea and will initially offer investors the opportunity to invest into businesses that either own and operate UK solar systems, or businesses that provide secured loans to SMEs and UK clean energy businesses. The service is targeting to offer investors annual returns of 4-5%.
Another of Armstrong’s businesses, Secured Lending Limited, which provides loans to energy and infrastructure projects will also form part of the service.
The service will provide investors the opportunity to invest into Armstrong’s established solar businesses which together own and operate more than 2,500 Feed-in Tariff (FiT) accredited solar systems and over 30MWp of ground-mounted solar projects accredited under the Renewable Obligation (RO).
Michael Hughes, Director at Armstrong Capital, commented: “We are delighted to be a part of the Beringea Estate Planning Service, combining our expertise with Beringea to offer investors access to Armstrong’s existing UK solar-focused businesses. The UK renewable sector is set to undergo further growth in the coming years, and we look forward to working with Beringea in growing our energy businesses and delivering attractive returns.”
Mark Taylor, Partner at Beringea, commented: “We are pleased to be able to expand our Business Relief offering through working with such an experienced team as Armstrong Capital. We believe that the lending and solar opportunities our companies will provide should produce the steady return investors seek.”