SITR is based on the existing EIS relief and the government is proposing to lift the limit on the maximum investment per investee organisation to £5 million per year (up to £15 million in total), subject to EU State Aid approval. This change could open up the market and make specialised SITR funds a viable proposition for the first time, and we wanted to find out if EIS managers were preparing to enter this market. We surveyed the managers and encountered a range of responses, read the full article to see what they had to say.
The UK has introduced the first tax relief – Social Investment Tax Relief (SITR) – for social investments that incentivises ethical investing. SITR offers generous tax breaks that are changing the ethical investing landscape and how various investors can get involved. Investors can now achieve financial returns while having measurable social benefit. This article takes a look at the social investment market, SITR and considerations for advisers and clients on social investments.
Abundance Generation are a company with two key objectives. The first to raise money to help fund renewable energy projects. The second, to do this in a new way: not by raising funds from institutional donors but by going direct to the public to raise money from many smaller investments.
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