A regional stock exchange could be established in Cambridge, allowing local firms easier access to funding for growth.
Business Secretary Vince Cable announced a Green Paper yesterday that outlined the concept of creating regional stock exchanges that will allow growing businesses within the regional to sell shares and in turn, secure essential investment to allow them to develop further.
John Bridge, Chief Executive of the Cambridgeshire Chamber of Commerce, commented:“I think it would be a great benefit to Cambridge businesses and provide an opportunity to promote and show the success of firms here.
“We’re in a part of the country which performs particularly well, one of the few net contributors to the Exchequer, and going forward we have got to be different and innovative in our approach to generate the wealth necessary for the country to recover."
The last of the regional stock exchanges in the UK were moved into the London Stock Exchange in the mid-70's, but the government has revealed it is planning to restore provincial exchanges in order to allow regional businesses access to funding for growth that banks made be unwilling to provide.
