Oral Answers to Questions

Danny Kruger Excerpts

Wednesday 3rd March 2021 Commons Chamber

[The Prime Minister]

The answer to that is, as anybody who gets a project done on their home or wherever knows, that starting again midway through I am afraid greatly multiplies the cost, but we will go as fast as we possibly can.

[Danny Kruger (Devizes) (Con)]

The last time the UK hosted the G7 in 2013, the then Prime Minister launched the social impact investment taskforce to catalyse a market for private capital seeking social outcomes as well as financial returns, and this country now leads the world in the development of financial innovations for public good. Will my right hon. Friend therefore confirm that the social investment tax relief, which was launched after that summit, will continue beyond April? Will he use this year’s G7 to trumpet to the world the benefit of social investment, social enterprise and the social economy in general?

[The Prime Minister]

My hon. Friend has long been a campaigner for the wonderful benefits of social enterprise. I visited some of his own, and if he just waits a little longer, he will receive an update on social investment tax relief.