Government ‘must give social enterprise a hand’

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.

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