A windfall for some, a blow for others – three key announcements from this week’s budget that will affect social enterprises and charities and those investing in them.
Support to social investment in the UK began in earnest just over 20 years ago. As efforts to expand the market continue unabated, what can we learn from two decades of experience – and what questions should we be asking now?
Social enterprises and investors welcome UK chancellor’s SITR extension, but commit to fight for further support. Other measures offer short-term help, although long-term outlook remains uncertain.
Despite its low uptake, social enterprise and investment bodies are fighting to retain Social Investment Tax Relief – with uncertainty around its future already affecting businesses in north-west England.
Social investors are still too focused on internal battles – distracting them from the huge potential impact they could have by partnering up. Big Society Capital's CEO makes the case for the (sometimes) more difficult path of collaboration.
Uptake of the UK’s Social Investment Tax Relief has been disappointingly low, thanks to poor design, delays and lack of awareness, according to new research – but it’s not a lost cause.
The social investment finance intermediary publishes the results of its first year of investments in Bristol. Dangling the carrot of a tax break has encouraged social investment; now outcomes should prove equally attractive.
