VCT News
ProVen VCTs' portfolio company wins BAFTA
27 November - London - ProVen VCT & ProVen Growth & Income VCT portfolio company Espresso Education, has collected the British Academy Children's Award in the Learning Primary category at this year's BAFTA awards.
The awards are designed to celebrate the best in moving image for children including film, television, video games and online. This is Espresso's first BAFTA award win.
Within the Learning Primary category, entries were required to "educate children aged 4-11 and support or complement the curriculum" across a variety of eligible formats including television programmes, online, CDs/DVDs and interactive television. Out of the 4 shortlisted entries, BAFTA members chose Espresso's cross curricular online service to represent the very best across all of these formats. The quality and strong curriculum underpinnings of the Espresso Primary service directly contributed to the winning entry.
Beringea, manager of the Proven VCTs, has committed almost £2.8 million in funding to Espresso through ProVen VCT and ProVen Growth & Income VCT since 2001.
Beringea Managing Director Stuart Veale commented "The Espresso Group has been an excellent investment for the ProVen VCTs, and continues to move from strength to strength. The BAFTA award further cements Espresso Education's position as the UK's leading digital curriculum service."
Lewis Bronze, CEO Espresso Education stated, "BAFTA represents the highest accolade the TV/media industry bestows. While success in the education arena is paramount to us, recognition by BAFTA is truly a milestone in the company's development. We are all very proud that the service we work so hard to produce and deliver to schools has achieved such a high level of recognition and respect."
For more information on the baftas: www.bafta.org/awards/childrens/
About Beringea Ltd
Beringea Ltd. is an international private equity and investment banking firm with offices in London, Detroit, Los Angeles and Shanghai. Beringea is the manager of funds including Proven VCT, ProVen Growth & Income VCT, and Global Rights Fund II, amongst others.
Beringea launched its first VCT in 1996, making it one of the most experienced VCT managers in the UK. ProVen VCT and ProVen Growth & Income are the highest performing VCTs of their launch years, according to www.taxefficientreview.com. In 2006 the Association of Investment Companies named ProVen Growth & Income as its highest performing VCT member.
www.beringea.com / www.provenvcts.com
Beringea Ltd is authorised and regulated by the Financial Services Authority
FSA FRN: 138888
About Espresso
Espresso Education, the UK's leading digital curriculum service, is a cross-curricular library of high quality, video-rich teaching resources that stimulates learning and supports teachers. Espresso combines full-screen videos, multi-media activities, learning paths & reviews, cached websites and printable resources into engaging modules, directly aligned to curriculum objectives. The weekly news service features exclusive 'News Bites' video reports and interactive Telegraph news articles, drawing on topical events to bring learning to life. Espresso updates its modules and news service weekly, giving schools access to the freshest, most relevant resources available in schools today. Unique in design and delivery, Espresso resources can be easily differentiated to support personalised learning.