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| PLEASE NOTE: This site is no longer maintained and is here 'for the record'. Please see also www.cdfa.org.uk |
Welcome to the website of the Social Investment Task Force
The remit of the Social Investment Task Force was:
“To set out how entrepreneurial practices can be applied to obtain higher social and financial returns from social investment, to harness new talents and skills to address economic regeneration and to unleash
new sources of private and institutional investment. In addition, the
Task Force should explore innovative roles that the voluntary sector,
businesses and Government could play as partners in this area.”
This Task Force was an initiative of the UK Social Investment Forum, in partnership with the New Economics Foundation and the Development Trusts Association. It was announced by the
Chancellor of the Exchequer in February 2000. HM Treasury had
observer status on the Task Force.
The first report of the Social Investment Task Force was launched in October 2000 by Sir Ronald Cohen, the Chairman of the Task Force. The Chancellor, who attended the launch, welcomed the report and its innovative approach to revitalising Britain's poorest communities.
Five key recommendations were made in the Report as follows:
- A Community Investment Tax Credit
- A Community Development Venture Fund
- Bank disclosure on lending in under-invested areas
- Greater latitude for investment in Community Development initiatives
- Support for Community Development Finance Institutions
Since the report was published in October 2000, progress reports in 2003 and 2005 have been released. To read all reports, please click here.
You may also like to visit:
- Community Development Finance Association
- Bridges Community Ventures
- Community Investment Tax Credit legislation
- Community Investment Tax Credit Regulations
- SBS Phoenix Fund
- Charity Commission guidance on Programme Related Investment
