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Last chance for third sector to call on Government to improve access to subsidised capital through SITR
The Government’s call for evidence on Social Investment Tax Relief (SITR) will close one week from today. With grant funding becoming a scarce resource and the demand for small amounts of patient, unsecured capital growing SITR is more important than ever.
NOTES TO EDITORS
Big Society Capital is gathering evidence to inform the government’s consultation on SITR. We would like to encourage all social enterprises and charities to respond to our short poll about their trading plans & finance needs.
The poll can be found here and will take less than five minutes and respondents will then be signposted to the relevant template response.
ABOUT BIG SOCIETY CAPITAL
Big Society Capital improves the lives of people in the UK by connecting social investment to social enterprises and charities.
We know that investment can help social enterprises and charities achieve more. We believe the greatest chance to improve lives comes when investors and enterprises are both motivated by social mission.
We engage with investors, fund managers, social enterprises and charities to make it easier to use social investment. With our co-investors, we have made over £1.7bn of new capital available to organisations with a social mission, through investments into fund managers and social banks. We have a special focus on: providing homes for people in need; supporting communities to improve lives; and early action to prevent problems.
ABOUT ACTION HOMELESS
Action Homeless is a thriving local charity (no.702230) and social enterprise committed to improving the lives of people affected by homelessness. We have been based in Leicester for over forty years and help individuals and families from across the city and county. Last year alone, we provided emergency housing and specialist support to over 400 people.
Our approach to tackling homelessness goes beyond providing a roof (although we do recognise this as a vital first step). Everyone that walks through one of our front doors has access to a wide range of services which aim to tackle the causes and consequences of their homelessness. Our expert team of staff and volunteers work hard to ensure people leave Action Homeless with somewhere to call home and the skills and means to maintain their independence.
Kathryn Mortimer, Press Officer, Big Society Capital
T: 020 7186 2537, E: email@example.com