Responding to the Government’s publication of the Social Investment Roadmap today (https://www.gov.uk/government/news/investing-in-social-enterprise-government-publishespolicy-roadmap)
Nick O’Donohoe, Chief Executive of Big Society Capital said:
“The social investment roadmap, released today, outlines the long term process for getting the social investment tax relief both implemented, and improved. It is encouraging to see government formally consulting on increasing the options for indirect investment, as this would make it easier for social investment fund managers and new investors to use the relief.
It is welcome news that the government recognises the challenges for social sector organisations in understanding the new relief, and we hope that the guidance and awareness raising that they have announced today will help to address this.
We would encourage both investors and social sector organisations to continue to engage with HM Treasury to ensure the relief achieves its potential to unlock significant investment for charities and social enterprises.”