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2026 BVP EII Fund

The 2026 Fund at a glance

Manager BVP Investments Ltd, regulated by the Central Bank of Ireland (Section 10, Investment Intermediaries Act 1995)
Tax relief 35%+ at Fund level, up to 50% on qualifying companies
Target return 15% IRR, including tax relief
Investment €10,000 minimum, €1 million maximum (Revenue annual limit across all EIIS)
Term 4-year minimum hold, expected 4 to 7 years, no early exit
Fees One-off 3% commission, no annual management charge. Realisation costs up to 2%; 20% performance fee above a 15% IRR hurdle
Tax certificates Expected within 12 months of the Fund completing its investments
Reporting Members Portal, half-yearly reports and quarterly investor webinars
Fund closes 31 December 2026 (relief against the 2026 tax year)

Download the 2026 Fund brochure →

Try the tax relief calculator →

Capital at risk. Target return not guaranteed. Tax relief depends on individual circumstances and Revenue rules. Any investment must be made solely on the basis of the Information Memorandum.

Our track record

A track record we publish in full

20 funds since 2007, with fund-by-fund returns available to every advisor and client, including the investments that didn't work out.
€90m+
EIIS capital raised across our funds
c.80
Irish companies backed, with 118+ deals completed
20
BES and EII funds since our first in 2007

Do financial advisors earn a commission for referring clients to BVP funds? 01

Yes. Financial advisors can earn up to 3% commission on successful client investments in eligible BVP funds, paid from the fund’s one-off 3% commission and subject to regulatory compliance and agreement terms.

What materials can I share with my clients? 02

You can download the Information Memorandum and the 2026 Fund brochure from the top of this page, and use our tax relief calculator to model client scenarios. For anything else, use the Talk to our team button and Tadhg O’Maonaigh in our team will be in touch.

What due diligence has BVP already completed on investee companies? 03

BVP conducts thorough due diligence and screening on all portfolio companies before investment, typically selecting 6–8 companies per fund.

How is BVP regulated? 04

BVP Investments Ltd is authorised as an Investment Manager by the Central Bank of Ireland under Section 10 of the Investment Intermediaries Act 1995 (Company registration no. 395161).

What is the tax relief an investor obtains? 05

BVP targets a blended rate of 35%+ across the Fund’s portfolio.

Is the €10,000–€1,000,000 range per fund, or does it apply across all my client's EIIS investments? 06

The €1,000,000 figure is the statutory annual limit set by Revenue — it applies across all EIIS investments your client makes in a calendar year, not just BVP’s fund. If your client also invests in another provider’s EIIS fund in the same year, both investments count toward the same €1m cap. BVP’s €10,000 minimum, however, is specific to our fund.

Can my client invest less than €10,000? 07

No — €10,000 is BVP’s fund-specific minimum, set to keep the fund’s investor base and administration manageable. This is a BVP policy choice, not a Revenue requirement (the statutory minimum under EIIS itself is lower).

Does my client's income level limit how much they can invest? 08

Not directly — there’s no income-based cap on the investment amount itself. However, the tax relief your client can actually use is capped by their income tax liability in that year (see the separate FAQ on liability). A client could invest €50,000 but only have enough tax liability to claim relief on part of it in the current year — the remainder can typically be carried forward

Which clients is EIIS suitable for? 09

Clients with an income tax liability from PAYE earnings, rental income, dividends, or pension and ARF income, who have used their pension allowance and can commit capital for 4 to 7 years. Relief is against income tax only, not USC or PRSI. Clients should understand that these are early-stage companies and their capital is at risk.

If my client invests in December, which tax year does the relief apply to? 10

Relief applies to the year the investment is made. An investment completed before the Fund closes on 31 December 2026 counts against the 2026 tax year, and unused relief can be carried forward, subject to Revenue limits.

When will my client receive their tax certificate? 11

We expect to issue EIIS certificates within 12 months of the Fund completing its investments. Your client then claims the relief through ROS or myAccount.

What happens if an investee company exits early? 12

There is no early exit mechanism for investors. If an investee company exits within the minimum holding period, the tax relief on the portion invested in that company may be clawed back. Any compensation for withdrawn relief is set out in the Information Memorandum.

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