What type of capital can SITR raise?
loan or equity
Negotiate terms acceptable with your investors
Window of 3 years and 1 day before repayments start on the capital borrowed
Risk is offset
Cost of finance subsidised with a 30% tax relief for investors
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.