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Animation House Cosgrove Hall Fitzpatrick Entertainment, uses UK Government’s Enterprise Investment Scheme (EIS) for funding Pip!

The show has been created by the multi award winning duo Brian Cosgrove and the late Mark Hall who brought Danger Mouse, Count Duckula and Wind in the Willows to the small screen in the 1980’s, who both came out of retirement last summer and joined forces with the creator of Jakers! Francis Fitzpatrick.

The 52 x 11 minute show is being aimed at the very lucrative pre school market, and CHF Entertainment aims to raise GBP2.3 million by the end of 2012 and a total of GBP6.5 million by 2013.

The potential returns from a successful animation series can be huge with the likes of Peppa Pig bringing in GBP200 million per annum in the UK. Investors who invest into Pip! will benefit from all the global licensing and merchandising income generated by the show. In addition, they will also benefit from any capital gain should the series be sold as they will own a share of the Intellectual Property that is Pip!.

This exciting and unique Investment Opportunity will be marketed via Independent Financial Adviser’s, although it can also be bought directly. The Information Memorandum is being issued under section 21 of the Financial Services and Markets Act 2000 and has been approved by Susan Phillips the Director General of the EIS Association, via her company Enterprise Corporate Finance Limited. By having Susan approve the Information Memorandum as an Authorised Person it means that the Investment Opportunity can be marketed to the public and not just High Net Worth or Sophisticated Investors, albeit appropriate advice should be sought before investing.

Whilst other UK animation houses are threatening to move production overseas, CHF Entertainment is totally committed to keeping the production of Pip! in the UK despite the fact that the UK Government does not currently support the UK Animation Industry with tax credits like some countries, such as Ireland, France and Canada.

Director for CHF Entertainment Adrian Wilkins, says: “The Industry is doing a great job lobbying the Government to level the playing field with regards to Tax Credits for UK Animation shows, however whilst we are waiting for any major initiatives to be implemented, the recent changes within EIS now mean that for the first time, private investors have the unique opportunity to be able to invest in, and have a slice of, an all British animation television series which has the potential of becoming as popular as Peppa Pig! What will be particularly appealing to the private investor, apart from the fact that the minimum amount they can invest is GBP5,000 is the Income Tax Relief and Capital Gains Tax breaks the EIS offers. Investors will not only benefit from tax relief on their contributions, but any capital gain that their investment makes will be tax free too.”

Pip! which was successfully showcased at MIPCom Global Sales Fair in Cannes in October was flagged up by the industry as being “one to watch”. Once production of Pip! is up and running, CHF Entertainment anticipate that up to 75 jobs will be created in Manchester the home of Brian Cosgrove and Mark Hall for well over 40 years.

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