GET SITR | Big Society Capital
GET SITR
A tax break for charities and social enterprises
FareShare South West

What is Social Investment Tax Relief?

Social Investment Tax Relief (SITR) is the government's tax relief for social investment which encourages individuals to support charities and social enterprises. Individuals receive a 30% tax break when investing in an eligible organisation.

GET SITR

We launched the GET SITR campaign offering a package of support to help more charities and social enterprises raise investment using Social Investment Tax Relief.

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What does GET SITR offer?

Find a range of free resources on SITR including downloadable guides, webinars, events and case studies

Restrictions on leasing, letting assets on hire or licensing

Guides

Read our SITR FAQs and guides to the rules and regulations around SITR
How to raise investment using SITR

Raising investment

Learn about the ways you can raise investment using SITR

Events

Find the latest events including free workshops across the UK and 1:1 SITR surgeries with our tax expert.
SITR market sizing

Blogs

Read the lastest blogs
Watch our webinars featuring expert advice and sharing experience of raising investment using SITR 
Listen to our two-part podcast on SITR and Social Impact Bonds
See case studies of organisations already using SITR

Find resources for Investors & Advisers

For investors

Explore how you could use SITR as an investor and find a range of resources including guides, webinars & podcasts.

For advisers

If you work with charities, social enterprises or investors, find resources to help you better support your clients on SITR.

Resources for charities & social enterprises

Additional guides


Example documents

Big Society Capital has supported a legal consultant to develop example SITR documents by working with some of the first charities and social enterprises using SITR. 

The documents below are examples of documents that have been used in the application process, notably the clearance letter sent to HMRC and the individual transaction documents.

Please note these documents are provided by way of example only and are not precedent documents. As such, no reliance should be placed on these documents or the information contained therein. You should be aware that these documents or the information inside them may not be appropriate for your particular circumstances. These documents should only be used in conjunction with independent tax advice.

Ways to raise investment using SITR

There are a number of ways to raise investment using Social Investment Tax Relief:

  • Direct through individuals
  • Community shares
  • Peer-to-peer lending
  • SITR Funds

Watch our webinars to learn more about the different ways to raise investment using SITR.

Attend our events

Read the latest blogs

Watch our latest webinar

Watch to hear from three organisations who have raised investment using SITR.

Order of the webinar and times:

  • Melanie Mills, Big Society Capital - Introduction
  • (0:01:10) What is Social Investment Tax Relief
  • (0:04:35) Stephanie Limb from Holbrook Community Society talks about how they used community shares eligible for SITR to raise investment
  • (0:23:49) Mel Ellis from Challenge Academy talks about how they raised investment through an SITR fund
  • (0:38:23) Julius Ibrahim from Second Shot Coffee talks about how they raised investment directly through individuals
  • (1:01:10) Questions & Answers
  • (1:10:00) Top tips from experts and the panel.

 

You can watch more of our webinars below. Do also go to our YouTube Channel to see our SITR playlist.

Learn about SITR with our webinars

Ask an Expert: How to raise investment using SITR

Our experts cover three different ways you can raise investment using SITR: through funds; crowdfunding and community shares; and directly from individuals.

SITR: All you need to know on Advanced Assurance

Learn how you can apply for Advanced Assurance with HMRC, what to consider during the process and get expert advice on making a successful application.

SITR: Changes to the rules in 2017

Learn about SITR and find out about changes to the rules in 2017 including what the new limits are.

SITR made simple

Learn about the opportunities Social Investment Tax Relief brings to charities and social enterprises as well as Big Society Capital's GET SITR campaign.

Listen to our podcasts

Listen to our two-part podcast on Social Investment Tax Relief (SITR) and Social Impact Bonds (SIBs). 

  • Part 1 features Mark Simms, CEO of charity P3, who talks about their experience of SITR and SIBs.
  • Part 2 features Katalin Juhasz, Investment Manager at Resonance, with their experience of SITR and SIBs.

View case studies of organisations already using SITR

Our Power Smart meter

Our Power

Our Power is a Community Benefit Society offering customers cheaper, fairer and more transparent energy tariffs. It is one of the first organisations to make use of SITR's new £1.5m limit.

Southville Community Development Association

The Southville centre offers quality nursery care for children in Bristol. Using a bond, which was eligible for SITR and was doubled by the Crowd Match Fund, they were able to create 54 additional nursery places.

Aspire Gloucestershire

Aspire Gloucestershire helps the most vulnerable young homeless people in Gloucestershire. Using investment through a Social Impact Bond, they were able to offer 150 more young people places in their programme.

Freedom Bakery

The Freedom Bakery trains prisoners at a maximum security prison, HMP Low Moss, to make artisan bread. Investment raised directly from individuals helped the bakery to set up.

FareShare South West

FareShare South West works with the food industry to reduce food waste & distributes produce to organisations working with vulnerable people. They used investment raised using SITR to support their socially conscious and sustainable catering enterprise.

FC United of Manchester

FC United of Manchester is a co-operative and community benefit society that has various projects including youth work, school holiday play schemes and adult education. With investment raised using SITR, they built a new stadium helping them to expand their services.

Ambition East Midlands

Ambition East Midlands is a charity that helps the most vulnerable young homeless people in the region. They used a Social Impact Bond and investment raised using SITR to to support and reach more people.

The Spotted Cow

The Spotted Cow is a community ownd pub and hub that offers a bar, restaurant, Post Office and B&B under one roof. They raised investment through community shares eligible for SITR using a crowdfunding platform.

Clevedon Pier

Clevedon Pier Heritage and Limited Trust is a Community Benefit Society which raised money via SITR to help renovate and sustain Clevedon Pier. 

Burley Gate Community Shop

Burley Gate Community Shop & Post Office raised money from the local community to help save the shop from closure. 

Portpatrick Harbour

Portpatrick Harbour is a community-owned asset based in Scotland and has been supported by money raised using SITR. 

South Bristol Sports Centre

South Bristol Sports Centre works with young people in one of the most deprived areas in Bristol and is using investment to finance the construction of six five-a-side football pitches. 

Sign-up to GET SITR

If you are interested in receiving information on Social Investment Tax Relief, sign up to our mailing list below. 

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GET SITR is a joint initiative led by Big Society Capital in partnership with:

CIC Association Community Interest Companies RegulatorThe Community Shares CompanyPower to ChangeCommunity Shares Unit