"The government doesn’t reward investors for taking risks in investing in social enterprises," says Kershaw. "We’re missing out."
The Big Issue chairman has thrown down the challenge to the Treasury. "Offering the same tax incentives to investors in social enterprises is the single most important issue for government to be working on if it truly wants to support and grow social enterprises," he says.
"I’m not asking for any special favours. I’m just asking for a level playing field that will let social enterprises prove that we can deliver financial and social returns.”
Kershaw would like the Treasury to make EIS and VCT more readily available for social enterprises.
"A lot of investors say they want to invest in a good business with a social return but their second question often is: ‘what tax breaks can I get?’"Picture source