Policy paper

Social investment tax relief: Budget 2015 announcements

This document gives an overview of the Budget 2015 announcements on SITR and the design of a new Social Venture Capital Trust (Social VCT).

From:
Cabinet Office and HM Treasury
Published
18 March 2015
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Budget 2015 announcements on social investment tax relief

PDF, 242 KB, 2 pages

Details

The social investment tax relief (SITR) introduced in the Finance Act 2014 was the first in the world to incentivise social investment through the personal tax system. The government has made further progress in increasing opportunities for investment in social enterprises.

The specific measures announced in Budget 2015 are:

  • rates of relief for the Social Venture Capital Trust Scheme (Social VCT)
  • changes to the way SITR funds are classified so that they can be promoted more effectively
  • a transitional period for community energy schemes moving from tax-advantaged investment under the venture capital schemes to SITR

Updates to this page

Published 18 March 2015

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