CITR Investment Campaign Taking Off! | Blog | Foundation East
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CITR Investment Campaign Taking Off!

10th April 2019 By Foundation East in News

Our aim to raise £500,000 through the sale of Community Investment Tax Relief (CITR) shares to enable us to lend to social enterprises, SMEs and microenterprises in the East of England is picking up pace. So far we have already raised £125,000, which is 25% of our CITR investment target!

Following our Invest In CITR campaign, we are delighted to announce that our Community Investment Tax Relief shares offer is now listed on the trading platform Ethex, the marketplace for positive investments. We believe this will help us in our aim to increase the funds raised through the sale of Foundation East CITR shares to £500,000.

“Foundation East does important work providing loans and expert business support to companies in the East of England who do not meet the stringent credit criteria of the mainstream finance sector. Historically this not for profit, responsible finance company has been able to help such enterprises thanks to investment from the EU and the UK government’s regional growth funds. With the future of these funds so uncertain, and the work they enable so vital to the East of England’s economic resilience, Community Investment Tax Relief is going to become increasingly vital. We’re delighted to be able to offer this opportunity to our community of over 15,000 ethical investors who are looking for ways to make their money do good,” commented Josh Brewer, senior business development manager, Ethex.

“This is a fantastic opportunity for us to help even more of the region’s social enterprises, SMEs and microenterprises that are finding it more and more difficult to access finance to help them develop and grow. Ethex is the ‘go to’ source for socially responsible investors in the UK and we are confident that our inclusion on their platform will, like our responsible finance equivalent in the Midlands, ART Business Loans, enable us to reach our target of raising £500,000 by the end of the 2019-20 financial year,” advised Katy Ford, chief executive of Foundation East.

You can view our listing on Ethex here.

 

  • About the Author
    Foundation East

    Foundation East

    Foundation East is the only Responsible Finance provider offering loans and business support to businesses across the East of England. We create £15 of social value for every £1 we loan. To continue helping local entrepreneurs, we're becoming increasingly reliant on funds raised through members buying our CITR shares. Buying CITR shares brings many social, economic and financial benefits.

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