Social Enterprises: Tax Allowances

(asked on 22nd April 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will list the (a) locations, (b) size, (c) charitable status and (d) sectors of organisations that have benefited from social investment tax relief in each of the last five years.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 27th April 2021

The requirement to maintain taxpayer confidentiality means it is not possible to disclose which specific businesses have used the Social Investment Tax Relief (SITR) to raise investment.

The registered locations of enterprises benefitting from SITR in this period are as follows:

2014-15

2015-16

2016-17

2017-18

2018-19

East Midlands

Fewer than 5

0

5

Fewer than 5

0

East of England

0

0

0

5

5

London

0

5

5

Fewer than 5

5

North East

Fewer than 5

0

0

0

0

North West

Fewer than 5

5

5

Fewer than 5

5

Scotland

0

10

Fewer than 5

5

5

South East

Fewer than 5

0

Fewer than 5

5

20

South West

Fewer than 5

Fewer than 5

10

5

10

Wales

Fewer than 5

Fewer than 5

Fewer than 5

0

Fewer than 5

West Midlands

0

5

10

5

20

Yorkshire & Humber

0

0

Fewer than 5

Fewer than 5

0

Total

5

25

35

25

75

Numbers have been rounded to the nearest five. Individual locations may not sum up to the total due to rounding. In order to maintain taxpayer confidentiality, any location with fewer than five organisations has been defined as ‘fewer than 5’.

Information on the other requested characteristics of social enterprises using SITR is not readily available and cannot be provided within the time available.

In order to qualify for SITR, enterprises must have fewer than 250 employees and less than £15 million gross assets at the time investment is received.

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