Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to his decision to postpone the autumn Budget, whether a decision on the future of the Social Investment Tax Relief will be made in 2020.

The Social Investment Tax Relief (SITR) is intended to encourage investment into social enterprises. Since 2014, about 110 social enterprises and trading charities have used the scheme, raising £11.2 million.

The Government keeps all taxes and reliefs under review in order to ensure they continue to meet policy objectives and represent value for money for taxpayers. The Government committed to a full review of SITR within two years of its expansion, and published a Call for Evidence last year on the use of the scheme to date. A Summary of Responses will be published in due course alongside a decision on the policy’s future.