Social stock exchange to begin in 2009
The Rockefeller Foundation is to donate $500,000 (£249,900) to back research into a social stock exchange for UK social enterprises.
The founders expect to complete their research at the end of this year in order to launch the exchange and begin trading in 2009. However, this is dependent on receiving FSA and regulatory approval.
Speaking at last week’s Skoll World Forum on Social Entrepreneurship, Antony Bugg-Levine, managing director of the Rockefeller Foundation, said. “A UK-based social stock exchange has the potential to create the leading global platform that will enable impact investors to invest in companies and non-profits that generate social value as well as financial return.”
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