This week marks the second anniversary of the creation of Social Investment Tax Relief. Perhaps not an anniversary I ever saw myself marking in my diary. I have surprised myself at how captivating I have found this tax relief to be.
This paper provides a review of the use of Social Investment Tax Relief (SITR) on its two year anniversary. It includes an analysis of the SITR deals completed to date and the views of key stakeholders in this area. NPC has written this report in partnership with Big Society Capital (BSC).
Charities and social enterprises have received £3.4m in two years thanks to Social Investment Tax Relief (SITR) recently introduced by the Treasury, according to research conducted by think tank NPC for Big Society Capital.
What are the key components needed for a social investment intermediary to be financially sustainable and effectively deliver products, support and/or services that benefit charities and social enterprises?
ClearlySo, Europe’s leading impact investment bank, announced today that Octopus has taken a 12.3% stake in the company as part of a £1.25 million growth funding round.
Octopus, a fast-growing UK fund management company and the largest provider of venture capital trusts (VCTs) in the UK, will become the largest single institutional investor in the firm and Octopus Co-Founder Chris Hulatt will join the ClearlySo board as a non-executive director.