Osborne trebles tax relief for social investment

Investment limits for Social Impact Tax Relief are to be trebled from £5m to £15m per company, Chancellor George Osborne announced in the Autumn Statement.

The government will also consult on a new relief for indirect investment in social enterprises. The move has been welcomed by the VCT industry and could be a real boost to the fledgling social impact community. Independent VCT specialist Martin Churchill described the trebling of relief as the real news to come out of the Autumn Statement for venture capital investors. "The social impact investing relief is going to be a very interesting arena to look at," he said. While still small, the social investment sector has garnered interest recently as a number of newer, more inventive st...