Social Stock Exchange set for Edinburgh

Published: 03 February 2017

A stock exchange focused on “profit with a purpose” is preparing for a full launch in Scotland after agreeing to carry out a study on the project’s feasibility with the City of Edinburgh Council.

The Social Stock Exchange, which was founded in 2013 and has 43 members with a collective valuation of more than £2 billion, last year revealed it was planning to launch north of the Border. 

The four-month study will seek the views of local business leaders and potential investors to examine the viability of such a venture, which aims to provide businesses that deliver a positive social or environmental impact easier access to capital markets.

Mike McCudden, director of the Scottish Social Stock Exchange, told The Scotsman that it is already working with about ten companies in Scotland planning to raise various amounts of capital, and it aims to be fully up and running by the end of the research phase.

McCudden said it “feels right” to operate from Edinburgh given that it is the Scottish capital and financial centre, and its focus is Scotland-wide rather than just the central belt. The venture is maintaining its target of 30 new members in its first year, and so far has identified about 1,500 companies across Scotland that fit its profile, although it imposes stringent admission criteria...

Full story via The Scotsman News

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