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, from those who had never heard of SITR, to those who had considered it and decided that it was not for them, to those who have a product ready to launch, subject to approval for the new higher limit.
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Or to hear from our Research Director Daniel Kiernan on what’s holding back Social Investment read his blog post: