Social investment is a way in which you can support social enterprises and charities you care about to access the finance they need to scale up their operations and grow.
There are range of options available for people wishing to make a difference through social investment. These include:
• Social banks
• Stocks and shares ISA
• Investing directly into businesses with a social mission that you support
Read more about how you can make a social investment here. There are a number of organisations supporting social investment including Charity Bank and Triodos:
Charity Bank is a savings and loans bank with a mission to use money for good. When you save with Charity Bank your money is used to make loans to charities and social enterprises. Find out how money from Charity Bank is making a real difference.
Triodos is another bank that only lends money to organisations that make a difference to people and the planet. Golden Lane Housing launched a bond with Triodos, where the fund raised are being used to buy and adapt up to thirty houses across the country, where people with moderate to severe learning disabilities can live independent lives.
The Social Investment Tax Relief (SITR) is the government's tax break for social investment. Individuals making an eligible investment can deduct 30% of the cost of their investment from their income tax liability.