A hotspot for positive investment

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North Laine ward has a high concentration

By Celia Roberson, North Laine resident, and Greenhouse PR

Brighton has been named as one of the UK hotspots for a new type of ‘positive investor’ helping to revolutionise funding of social and environmental businesses.  ‘Positive Investing in the United Kingdom’, a report by Ethex (an online exchange for positive investments) shows that Brightonians are at the forefront of a move towards investments which offer a financial return while also doing good. The North Laine area is mentioned especially.

Positive investments analysed by postcode

The report was launched to coincide with National Ethical Investment Week from 13-19 October 2013. Nearly 50,000 positive investments were analysed by postcode to reveal where investors live, what they invest in and why.

It showed that the highest concentration of positive investors is in the east of our city and in nearby Lewes, with 392 investments in sustainable and ethical businesses made across postcode areas BN1, BN2 and BN7. These locations included the following wards: St Peter's & North Laine, Hanover & Elm Grove, Preston Park, Lewes Priory and Lewes Castle . Within these areas St Peter’s & North Laine had 31, with Preston Park topping the bill with 36.

Welcomed by managing director of Ethex

The findings of the report were welcomed by Jamie Hartzell, founder and managing director of Ethex (motto: Make Money Do Good), who previously co-founded the Ethical Property Company in 1999 with Andy King. In Brighton the Ethical Property Company owns office space in a number of locations, including the Brighton Eco Centre, Community Base and Brighton Junction, which it rents at low cost to co-operatives and campaign groups.

People want to invest directly

“People now expect more from their money” said Jamie Hartzell.“They have lost trust in the banks and money managers. They are looking for ways to invest directly, as evidenced by the rapid growth of crowd-funding and positive investment allowing people to invest direct into businesses they trust. For many people, this means being confident that their direct investment is making the world a better place, at the same time as generating a financial return. 

“There are many exciting businesses with a positive social or environmental mission, but until now it has been very hard to find out what to buy, how to buy it and understand the risks you are taking.”

For more information

For further information go to:  http://www.ethex.org.uk/.       

This page was added on 21/10/2013.

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