Charity fund seeks tax relief

Professional Adviser
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The charitable industrial and provident society CityLife is in talks with the Inland Revenue concern...

The charitable industrial and provident society CityLife is in talks with the Inland Revenue concerning tax relief on bonds investing in community projects. It has launched the Boost City and East London Employment Bond, one of the UK's largest privately funded social investment initiatives. This aims to pump £50m into London's most deprived areas, Hackney, Tower Hamlets and Newham, creating up to 8,000 jobs, supporting existing small businesses, establishing up to 1,000 new businesses and regenerating housing and community facilities. The bond is open to all and any money invested wil...

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