Young London Today SITR fund

Young London Today (YLT) SITR Fund is the first Social Investment Tax Relief (SITR) opportunity from Innvotec. The Fund is an investment focused on capital preservation, whilst providing a target IRR of 8.5% to include tax relief.

Innvotec's Startegic Partner for this fund Young London Today is dedicated to helping young people, in or leaving local authority care, make a successful transition to independent living and education or employment. The ultimate beneficiaries of the Fund will be vulnerable young adolescents, whose wellbeing remains the responsibility of Local Authorities. The Fund will benefit from all the SITR tax advantages. 

The SITR legislation, from an investor’s perspective, is similar to the Enterprise Investment Scheme, but its specific purpose is to raise money for social enterprises and charities that provide benefit to the community. In the case of this Fund the commitment raised will bring enormous benefit to the wider society as it is directed towards the provision of adolescent care services.

The Fund will lend money to a number of Community Interest Companies (CICs) that will provide specialist services to young adolescents who are approaching the point where they will be in a position to leave Local Authority care. These youngsters need to learn life skills, and the majority need help in being able to address historic issues, many of which will have been traumatic and the effects long-lasting. The intention is that specialist services be delivered in purpose-fitted and permanent accommodation that is owned by each CIC so that there is minimal disruption to the lives of those being cared for. The Adolescent Care CICs will benefit from long term contracts with Local Authorities.

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Find out more about the Young London Today SITR fund Contact Us

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