Despite its low uptake, social enterprise and investment bodies are fighting to retain Social Investment Tax Relief – with uncertainty around its future already affecting businesses in north-west England.
Social investors are still too focused on internal battles – distracting them from the huge potential impact they could have by partnering up. Big Society Capital's CEO makes the case for the (sometimes) more difficult path of collaboration.
The social investment finance intermediary publishes the results of its first year of investments in Bristol. Dangling the carrot of a tax break has encouraged social investment; now outcomes should prove equally attractive.
It's now 18 months since Social Investment Tax Relief was introduced in the UK. What has been the impact? Where are we at in terms of dealflow? Melanie Mills from Big Society Capital provides a helpful overview.