Social stock exchange on the horizon

By Helen Warrell, Third Sector, 5 December 2007

Work is under way to create a stock exchange for UK social enterprises. Social investment experts Pradeep Jethi and Mark Campanale have established the Social Stock Exchange Ltd and plan to create a market aimed at enterprises with annual turnovers of more than £500,000 that have been trading for three years or longer.

Jethi, the project's chief executive, is to approach the estimated 300 UK social enterprises that qualify to ask if they will join and to canvass opinion. The study, endorsed by the Office of the Third Sector, should be completed by March. The sector needed a new finance facility, claimed Jethi....