The proposed Social Investment Tax Relief (SITR) has UK civil society and social organizations stirred up this season. The supposed tax relief on investment in social impact bonds will support the UK social economy.
The government also announced plans to launch a road map for social investment in January 2014. This “road map” is designed to boost the tax and legislative frame of reference. This will establish the next steps for a larger tax relief scheme, and examine ways to support investments indirect into social entities.