A "social stock exchange"
where ethical investors can trade shares in worthy enterprises could be set up under plans announced on Friday.
The exchange would aim to combine profitable trading with social or environmental missions. Clean technologies, healthcare, first world development projects and help for disadvantaged communities would be included in the exchange.
The Rockefeller Foundation, one of the world’s best-known philanthropic organizations, is putting up $500,000 (£252,000) to pay for the feasibility study. If this identifies demand for a social stock exchange, the market would be launched next year.
Antony Bugg-Levine, managing director, said it chose the UK as the site for the feasibility study partly because of firm government support for social enterprise. “The government’s active approach to the third sector is creating a better environment than in some other countries,” he said.