GET SITR provides free support and resources to better understand and use Social Investment Tax Relief (SITR).

It is a joint initiative led by Big Society Capital and supported by the Department for Culture, Media and Sport,  CIC AssociationCIC RegulatorCommunity Shares CompanyPower to Change and Community Shares Unit.

Levelling the playing field social enterprises and charities to access finance

SITR is designed to encourage people to invest into social enterprises & charities by offsetting the risk to investors.

Unlike more commercial businesses, many social enterprises and charities cannot access schemes such as the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) so SITR was designed to help level the playing field. 

In its relatively short lifetime, SITR has already helped social enterprises and charities raise over £14m to support their valuable work. However, due to a sunset clause in the legislation on the relief, it may be retired by Government in April 2021 unless action is taken now to prevent this.

You can learn more about how it works further below.

What is Social Investment Tax Relief?
Charities & social enterprises

Charities & social enterprises

For eligible social enterprises, charities and community businesses, SITR can be used to raise patient and flexible capital to support your trading activities. Find out if you're eligible and how it works.

 
information

Professional advisers

If you're an adviser to charities and social enterprises, SITR may enable the organisations you work with to raise investment in a more cost-effective way. Find information & resources to help you support them.

 
For investors

Investors

SITR enables more people to invest in line with their values. Individual investors can receive a 30% tax break on SITR investments. Find out how it works and how it compares to other tax reliefs.

 
What type of capital can SITR raise?
Unsecured
Unsecured
loan or equity
Negotiate terms
Flexible
Negotiate terms acceptable with your investors
Calendar
Patient
Window of 3 years and 1 day before repayments start on the capital borrowed
Umbrella
Risk is offset
Cost of finance subsidised with a 30% tax relief for investors
How does SITR work?
News, blogs and events
Harvey McGrath, Chair, Big Society Capital
Action needed now to extend Social Investment Tax Relief so it remains a valuable tool at this critical time
Social enterprises and charities are on the frontline responding to COVID-19 and they will be on the frontline to building back better in the aftermath. It's clear that far greater flows of private capital is needed to support their valuable work. Big Society Capital's Chair, Harvey McGrath, explains why action is needed now to extend Social Investment Tax Relief (SITR) so that it remains a valuable tool in unlocking capital for social enterprises and charities.