Action Homeless CEO Mark Grant writes why he believes simplifying Social Investment Tax Relief (SITR) could be a game-changer that would allow them to raise flexible, patient and risk-tolerant capital, which they could use to provide more affordable housing to people affected by homelessness.
For Trustees Week, Rebecca McCartney, Investment Director at Big Society Capital and trustee at UK Youth, shares her top tips for finding a trustee role, where to search and advice on applying to be one.
Social Investment Tax Relief (SITR) was recently ranked 4th out of 46 in a Europe-wide study on the effectiveness of tax incentives to foster investment into SMEs and start-ups. It is also the only tax relief of all those reviewed that is specifically targetted at charities and social enterprises. So this is definitely something to celebrate!
For Small Charity Week we’re celebrating the contribution that small charities make to all our lives. 97% charities have income less than £1m and an important focus of our work is on how social investment can be a useful tool for them.
As part of our campaign to raise awareness about Social Investment Tax Relief (SITR), we teamed up with social enterprise Breadshare to show just how simple it is. If you don’t know about SITR or not sure how it works, Breadshare’s chief baker explains literally by using his loaf!
As part of Trustees Week in November we held a fringe event at NCVO’s Trustee Conference to mark a year of running GET INFORMED – Social Investment for Boards. We wanted to give people a flavour of the campaign and the support on offer, from online resources to 1:1 mentoring. It was a great session and we’ve shared the lively discussions through a podcast.
Big Society Capital’s Impact Report looks back over the last five years at the impact the organisation and its partners have made since 2012. Daniel Brewer reflects on the development of Resonance over this time.
On 11 October, the Social Investment and Finance team in the Office for Civil Society changed its name and ambition. Now it will be the Government Inclusive Economy Unit with a remit to innovate and contribute to the broader agenda of an economy that works for all.
Being poor is not just about being unable to afford those ‘nice to have’ things - it’s being forced to pay more for the absolute essentials, such as gas, electricity, banking, household goods and even groceries simply because you are living in poverty. It’s called the ‘poverty premium’ and it is effectively a tax on the poor.
The phrase ‘knowledge is power’ is more relevant now than ever in our high tech, fast-moving and often digitally overloaded world, so it’s interesting the saying is widely attributed to Sir Francis Bacon and dates back to around 1597.
If you live in poverty in this country, you’re more unlikely to have a bank account. And if you don’t have a bank account, you can’t get a direct debit discount for many of your everyday services and utilities. Is that fair? We don’t think so.