Money matters: Big Issue Invest, The Association of Charity Officers, FC United

David Ainsworth's round-up of what's happening in the finance world

FC United
FC United

 

Big Issue Invest will campaign for a tax break for social enterprises, according to the chair of the investment committee at the social lender. Speaking at a recent event, Ron Sheldon, who is also a managing director at the international private equity company Advent International, said the group would lobby members of the government to provide tax relief on investment in businesses with a social purpose. The event was jointly hosted by the social lender and Deutsche Bank.

 

The Association of Charity Officers, an umbrella group for benevolent charities, will hold its annual conference on 6 October at Baring Asset Management in London.

 

FC United, the community-owned football club set up by Manchester United fans, hopes to raise £1.5m through a community share issue to build a new stadium at Newton Heath. It will be the first football club to raise money through a community share issue, where people pay small amounts of money to buy a share in a mutually owned business. Community shares have been used to bring pubs and shops into local ownership.

 

Send your finance news to David. Ainsworth@haymarket.com

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