Project Heather

Project Heather (Scottish Gaelic: Pròiseact Fraoich) was the proposed new stock market that planned to be established in Edinburgh, Scotland. The proposal for a new Scottish Stock Exchange was announced following research by Momentous Change Ltd on the need for a Scottish Stock Exchange after the result of the United Kingdom's referendum on European Union (EU) membership, in which Scotland, and Edinburgh, voted in favour of remaining within the EU, when the UK as a whole voted to leave[1]

'Project Heather'
Pròiseact Fraoich
TypeStock exchange
LocationEdinburgh, Scotland
Key peopleTomás Carruthers, Chief Executive
CurrencyPound sterling
Websiteprojectheather.scot

This was planned to be the first stock exchange on Scottish soil since 1973, when the Scottish Stock Exchange merged with the London Stock Exchange.

Scottish identity

The choice of Scotland for Project Heather was on the basis of Edinburgh being Europe's 4th largest financial centre.[2] Scotland has industries based on the globalised, green, social-investment economy.

Impact focused

This stock exchange was to be the first to be built on the basis of regulated investment exchange - focusing on businesses that make a positive impact on social and environmental issues - a key pillar of inclusive growth, a key economic basis of the World Bank[3] and the Scottish Government.[4]

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References
  1. Mullin, Millar, Thomson, Roger, John, Michelle (2018). A Stock Exchange for Scotland: Early background research. Edinburgh, Scotland: Momentous Change Ltd. ISBN 978-1-68454-770-8.CS1 maint: multiple names: authors list (link)
  2. "Edinburgh, Financial Services UK | Invest Edinburgh". www.investinedinburgh.com. Retrieved 2019-06-03.
  3. World Bank (2019). "What is Inclusive Growth?" (PDF). World Bank.
  4. "Growing the economy: Inclusive growth - gov.scot". www.gov.scot. Retrieved 2019-06-03.
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