UK Boosts Social Enterprise With 30% Tax Relief on Social Investments

Thursday, March 20, 2014

“We’re backing investment into social enterprises with a social investment tax relief at a rate of 30 percent,” said British finance minister George Osborne to parliament in his annual budget speech.

Nick O’Donohoe, chief executive of social investment bank Big Society Capital, said the move would stimulate significant additional investment into social enterprises from a wider pool of investors.

Source: Thomson Reuters Foundation (link opens in a new window)

Categories
Entrepreneurship
Tags
governance, impact investing, social enterprise