Docklands investment

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The Independent Online
INVESTORS have already signed up for pounds 30m in a pounds 95m Docklands enterprise zone scheme that is expected to become the largest project of its kind.

Matrix South Quay, which is being sponsored by Matrix Securities, offers higher rate taxpayers a return of 20.6 per cent in the first six months by using a combination of a loan and tax relief.

John Spiers of the advisers BESt Investment said: 'The risks in the scheme have been minimised by the sponsors. I personally believe there will be a recovery in Docklands in which case this will be a very attractive way to participate in it without tying up any capital.' The sponsors have been given unequivocal approval from the tax inspector dealing with the scheme.