Adolescent Care SITR Fund 2018
The Adolescent Care SITR Fund is the first Social Investment Tax Relief (SITR) opportunity from Innvotec and is probably the first in the country to take real advantage of SITR. The Fund is targeting £20m, which will be used to provide real social impact while providing capital preservation and a modest return payable on wind up.
Professional Advisors and the self-advised should look at SITR as an essential part of their “Philanthropic Toolkit” when discussing alternatives with clients.
In the next 30 years, an estimated £20 trillion globally will transfer from the baby boomer generation to their children and grandchildren. Millennials, and those forming part of Generation Z are widely acknowledged as making values-based decisions in all areas of their life. Advisors now have to start to address philanthropy as an integral part of any discussions that cover the permanent transfer of wealth and the making of investment decisions today that will have an impact on the world that future generations will inherit. The terms “Impact Investment” and “Social Investment” are no longer being carefully put to one side.
The Adolescent Care SITR Fund has been designed to fit the joint criteria of being;
- a good investment in its own right, and
- delivering a real positive impact by helping young adolescents whose wellbeing is the responsibility of the Local Authorities
Innvotec’s Strategic Partner for the Fund Young London Today is dedicated to helping young people over the age of 16, in or shortly about to leave local authority care, make a successful transition to independent living, education or employment. These young people need to be taught life skills and the majority continue to need help in being able to address historic issues, many of which have been traumatic and the effects long-lasting. Such specialist support is best given in purpose-fitted and permanent accommodation, which is at the centre of the Fund’s offering.
For more information on the Fund, please Contact Us and we will set up a consultation with the Investment Director.