23 March 2011
In today’s budget speech George Osborne announced that Community Investment Tax Relief will continue and that the government will promote its uptake.
This is brilliant news as the future of CITR has been in doubt for some time. It shows what a concerted lobbying campaign can achieve and speaking with one voice is the most powerful way to influence policy debate and development.
We thank our members and stakeholders for everything they did to support the campaign and we look forward to working with them to ensure that CITR fully realises its potential.
————–
The relevant section can be found on page 53 of the full budget.
Big Society Bank details, European Regional Development Fund changes and CITR information can also be found on page 64 of the Treasury’s Plan for Growth document
————–
For more information on CITR visit our policy page