Sadia Khan

Jan 3, 2024 | jdsupra.com | Sadia Khan |Brin Rajathurai |Charles Yorke

In 2003, the UK Government introduced the CITR scheme to provide private investors with a significant tax incentive to finance enterprises within disadvantaged communities through accredited CDFIs. Whilst a similar scheme is now well-established in the US, providing more than USD5.5 billion in funding since its inception, activity in this area in the UK has been limited but is slowly beginning to ramp up due to a recent change in UK law which increases the limits on the amounts accredited...