Social entrepreneurs are getting a boost of equity through the establishment of the first ever stock exchange for social enterprise. Four projects under the Big Society in the UK announced recently have received a total funding of £3.1 million, of which £850,000 will go towards setting up the very first stock market for social enterprise dubbed Social Stock Exchange.
Funding for these initiatives come out of dormant bank accounts or otherwise money lying in bank accounts which have not been accessed for 15 years. Through the sale of stock, the Social Stock Exchange will provide social enterprises with equity funding to tackle society’s toughest problems.
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