We have stripped out the existing kitchen in readiness for the new flooring to go down before a brand-new kitchen is installed. Thanks to everyone who helped on the day – Nichola, Cliff, Rob, Nathanael, Scott, James and Steve.
Kitchen revamp!
Happy Birthday!
Today is the first anniversary of the Go4 Market Cafe and we are immensely proud of all that has been achieved. It goes without saying that without the amazing support of so many people it would not have been possible. We are grateful not only to our staff and volunteers, but also to all our supporters, funders and the market traders who have all contributed to making the whole enterprise a success.
As we continue to build on the achievements of the past year we look forward to some exciting new developments (watch this space!) as we seek to help even more young people achieve their dreams and support them as they seek to progress with their education, training or employment. We hope that you will feel able to continue to support us in this vital endeavour and if you are new to Go4 please pop along and introduce yourselves! We would love to share with you about our work and plans for the future.
Investing in Social Enterprises: Update
The Chancellor announced in his latest budget measures to boost investment in social enterprises. More details have now been revealed.
Social investment tax relief (SITR) is now available for investments made by members of the public into not only social enterprises (CICs) but also charities and community benefit societies. Investments made after 6 April 2014 will be eligible if they are invested for at least 3 years. Tax relief of 30% will be applied, as a deduction from the investor’s income tax liability. There are also valuable capital gains tax relief available.
Investments may be configured as shares or debt (such as a simple loan) and there is a cap of £290,000 per organisation. to qualify, social enterprises must employ less than 500 employees and have gross assets under £15 million.
However, the regulations are quite complex and several conditions must be met by both the investor and the organisation. We are seeking advice from appropriate sources and will bring you more details as we get it. Alternatively, you can seek professional financial advice yourself if you are interested in taking advantage of this new opportunity.
In the meantime, if you are considering investing in Go4 Enterprises please contact Steven Dale via his email at newbeltane@gmail.com.
As Directors we are currently exploring this option of raising funds to expand our services and hope to make an announcement in the near future.