Entrepreneur calls for Chancellor to incentivise Social Enterprise investment with tax relief
Jeremy Middleton, CEO of investment firm Middleton Enterprises, said: “I would urge George Osborne to encourage investors to look towards social enterprises, by setting tax relief incentives. This would be likely to increase the level of investment in social enterprises, which would have a particularly dramatic impact in the North East, where there are thousands of social enterprises which currently find it difficult to raise funds. Tax incentives, along with new sources of funds from sources including the Northern Rock Foundation, could completely change the landscape and facilitate the growth of business with a social conscience, helping wider economic growth in companies which make a real, sustainable and tangible difference to people’s lives.”
CONTACT: Lauren Pyrah on 01325 363436
Notes to Editors:
Middleton Enterprises Ltd is a private investment company that has made a substantial contribution to the North East’s economy by investing in and providing business advice to entrepreneurial businesses.
During recent years, it has supported a number of North East businesses, generally from start-up, usually taking a minority stake and offering strategic advice to support growth.