How Social Investment Tax Relief (SITR) is supporting Future Wolverton’s efforts to raise investment to create employment opportunities for people with learning disabilities
Ethex is delighted to be supporting The Old School – a project of Future Wolverton’s. Future Wolverton is currently raising investment via its withdrawable shares offer to renovate and transform a heritage building for use as a guesthouse, community space for hire and a café run by students from Slated Row school who have a range of learning disabilities, enabling them to develop work related and independent living skills.
Over the course of the last several decades, Wolverton’s fortunes have been on a steady decline. Initially developed in the 1830s as a railway town, complete with engine works, workers housing, a church, schools and market etc., by 1974 this historic railway town was engulfed by Milton Keynes and its fate was sealed.
Recently however, a regeneration process has been underway, which has resulted in Wolverton being designated as a Conservation Area, alongside a multi-million pound development of Wolverton Park, and further subsequent development of new housing and leisure facilities in the West End of the town. As part of this process, Future Wolverton was established in 2004 and has been instrumental in changing the way in which Wolverton is perceived within wider Milton Keynes, from an area ‘down at heel’ to one which is leading the way on critical issues such as sustainability and community cohesion.
What’s great about the latest project from Future Wolverton – The Old School, is that it has just qualified for Social Investment Tax Relief (SITR). For those of you who aren’t completely au fait with the latest government taxation acronym, let me provide you with a quick overview