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 exchange is being developed by social investment experts Mark Campanale and Pradeep Jethi as a means of improving access to finance for social businesses (Third Sector, 5 December 2007). They plan to use the Rockefeller funds for an extensive research project that will profile social enterprises and investors, assess market interest and examine the scale of potential social impact.

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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