Social Finance

Last chance to respond to HM Treasury’s SITR consultation

There is still a little time to contribute to The Treasury’s consultation on social investment tax relief (SITR), which ends on 17 July. The consultation is an opportunity to influence how this tax relief could be updated to financially benefit more charities and social enterprises.

SITR affords investors who invest in qualifying entities (broadly, charities, CICs or bencoms), a reduction on their income tax bill equivalent to 30% of the qualifying investment they have made.

Stone King’s response to the recent ‘social value in government procurement’ consultation

Social Value is now an established concept in the commissioning of public services, though there is still a long way to go for it to become as central as it should be. The Public Services (Social Value) Act 2012, has been the main stimulant to progression in the UK, though Social Value was already promoted in public procurement law under the European Commission’s Social Business Initiative.

Stone King helping start-ups solve global challenges

Stone King has partnered with the Allia Future Business Centre on an exciting initiative to help innovative start-ups.

The venture is called The Future 20, a no-fee, no-equity incubator programme which will offer support to 20 businesses all wanting to solve global challenges.

Allia now wants to receive applications from inspiring start-ups who are aiming to tackle issues such as climate action, clean water and sanitation, responsible consumption and wellbeing.


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