Your views on future of social investment tax relief wanted

The government has issued a call for evidence on the future of Social Investment Tax Relief (SITR). 

SITR was introduced in 2014 and enlarged in 2017, but take up has been limited and the call aims to help government understand why this is the case.

The call for evidence seeks views on how SITR has been used since its introduction, and why its use has been lower than previously anticipated.

In addition to views from SITR investors and investees, the review also seeks the views of social enterprises who could have used SITR, but have not, and those who want to use the scheme but cannot. It is also intended to gather views from social enterprises on their experiences with scaling up, and what impact SITR has had on access to finance for social enterprises.

The call for evidence is open until 17 July and more details, and how to respond, can be found on the www.gov.uk website.