Project Heather, the team assembled to establish a Scottish-based, globally focused stock exchange, will occupy the space shortly. The office space, spread over two floors, provides ample space for further expansion of the team, with further senior appointments to be announced shortly.
In addition to housing the headquarter offices of the exchange, 39 George Street is intended to become a focal point for collaboration among partners of Project Heather to help change the way capital markets operate to better benefit the whole of society.
Open access events for those participating in this transformation will be held onsite, with a view to harnessing collective insight and willpower. Representative offices in Scotland’s other cities will follow.
By partnering with Crown Estate Scotland, Project Heather signals the importance of shared principles across the value chain. Since it was established independently of the Crown Estate in 2017, Crown Estate Scotland has aligned with the United Nations’ Sustainable Development Goals with a core aim of delivering lasting social, environmental and economic value.
Tomás Carruthers, CEO and founder of Project Heather, said: “We are delighted to secure our new home, and look forward to establishing a physical hub for our brand of 21st century finance. We are also pleased to be working with Crown Estate Scotland as a landlord, an organisation which shares our values of social and environmental sustainability.”
Project Heather recently confirmed the support of Scottish Enterprise via a Regional Selective Assistance grant, following a successful fundraising coordinated via AAB advisers. The company is partnering with Euronext, Euro CCP and Euroclear to provide the market infrastructure for the proposed Exchange, which, subject to regulatory approval from the UK’s Financial Conduct Authority, is targeting a launch in the second half of 2019.