CITR has been saved

The Community Interest Tax Relief (CITR) was due to expire in 2012 and has been saved in George Osborn's budget today.  CITR is a wonderful financial product that encourages investors to deposit or lend money for 5 years and, in return, achieve really good income tax relief every year for it.  The money must be lent under strict rules in the poorest boroughs of the country and to defined groups of beneficiairies.  Financial organisations who can offer the product must be accredited which prevents any distortion of the rules.
It was a product ahead of its time, that  now resonates.  It is very welcome news.