Government 'must give social enterprise a hand'
Report in advance of the World Economic Forum argues for greater tax and financing incentives for fashionable sector
The government has been urged to create more tax and finance incentives for
social enterprises.
The sector now turns over £18bn a year, according to The Daily
Telegraph today.
Linklaters, the law firm, in conjunction with the Schwab Foundation for
Social Entrepreneurship, have issued a report for the World Economic Forum in
Davos suggesting the moves.
Social enterprises, such as Jamie Oliver’s Fifteen restaurant and The Big
Issue, are a hot topic at present with politicians queuing up to court
them.
The report suggests greater equity and loan finance encouragement, as well as
waiving capital gains tax for the businesses.