In the last of four blogs responding to challenges raised by social enterprises to us, CEO Cliff Prior shares his thoughts on social impact investing’s role in creating radical change. He also explains what Big Society Capital is doing around this.
Over 30,000 social enterprises and charities could benefit from Social Investment Tax Relief (SITR), suggesting vast untapped potential, according to research undertaken by Big Society Capital, and backed by the Department for Culture, Media and Sport.
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.