Social Investment Tax Relief can be a real win win way to raise repayable investment in the social sector.
For eligible Social Enterprises it can be a way of raising cheaper social investment for all or part of their social investment needs.
For individual investors it can provide tax benefits up to 30%.
For Social Investors like ourselves at Northstar Ventures it can help provide that extra amount to make a deal really successful.
Take at look at the article and links to case studies, and let us know what you think - is SITR something you'd consider using in future?
Designed to level the playing field in tax terms, Social Investment Tax Relief (SITR) was introduced with the hope of attracting new investors, patient capital, higher risk and lower cost debt (and equity) finance to the sector. There are now 11 deals done which will have harnessed around £1.3m of investment. In at least four of the deals, this helped to leverage much greater levels of investment.