23rd April 2021 The UK Financial Secretary to the Treasury has rejected calls for a further extension of a crucial tax relief scheme designed to stimulate social investment – but campaigners hope this can open the door to a new, improved policy to replace it. Social Investment Tax Relief (SITR) offers tax incentives to individuals to encourage them to invest in social enterprises. Investors were left in limbo for months as to whether the relief, which was to end in April 2021, would continue beyond this date. It was eventually extended for another two years in March, when the government’s Budget was announced.