If you think tax breaks are a good thing (I am not keen on complexification of the system myself), while fund titan Blackrock has launched an equity impact product…
Forty Applications So Far For Social Investment Tax Relief
Alice Sharman – Civil Society
The government has so far received 40 applications for social investment tax relief – a record described as “healthy” by social finance experts.
Figures released from HMRC at the end of last week ahead of Social Saturday – a national campaign that celebrates social enterprises which took place at the weekend – show that 40 organisations have applied for clearance to raise SITR eligible investment since the scheme opened in April 2014.
SITR allows individuals to invest in or lend money to charities, social impact bonds and social enterprises with an asset lock, and claim back 30 per cent of the value of the loan against tax.
Blackrock Debuts Major Impact Investment Fund
James Murray – Business Green
The expanding impact investment sector received a major boost yesterday after the world’s largest asset manager, BlackRock, announced the launch of an Impact World Equity Fund.