Report says new tax reliefs could unlock �480m in social investments

Report says new tax reliefs could unlock �480m in social investments: The Role of Tax Incentives in Encouraging Social Investment, was commissioned by the City of London Corporation and Big Society Capital. It says that adapting the Enterprise Investment Scheme (EIS) and the Venture Capital Trust (VCT), which provide tax incentives to encourage individuals to provide venture capital to small businesses, could generate up to �165m in social investment over a three-year period and �480m over a five-year period.