HM Treasury recently announced that from 30th November this year, it will remove tax reliefs of 30% or more for community energy projects. This means they will no longer be eligible for Social Investment Tax Relief (SITR) as well as Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).
Southmead is an out of town estate, a few miles from the centre of Bristol. It’s a great place with a real buzz and lots of positives, but it also has its challenges. Southmead has the lowest life expectancy in Bristol, more than 9 years lower than the neighbouring ward of Henleaze, and we’re involved in many projects to try and address that. We want to improve people’s wellbeing and hopefully have an impact on their life expectancy.
Pure Leapfrog and Big Society Capital have entered into an agreement under which Big Society Capital will lend £15 million to Leapfrog Bridge Finance Ltd, to fund large-scale community energy projects across the UK.
Early attempts to introduce payment by results into public services may have been met with scepticism, but the coalition government made important progress in developing new commissioning mechanisms that focus on paying for outcomes rather than simply paying for services, and showed a willingness to learn. Read more in The Guardian >>
The general election is approaching. As campaigning intensifies, attention is shifting back to local constituencies. For social investment to maintain its support, it needs to be able to show how it is making an impact on the ground in constituencies across the country. And it needs key decision-makers, like MPs, to know how and where it is making a difference. New data we’ve obtained suggests that there are already 70 different constituencies across the country benefitting as a result of our social investments - so there’s a story to be told.