The Liberal Democrats, long-time supporters of regional stock exchanges, today made their establishment part of its economic pledge in its 2010 General Election manifesto.
They said local exchanges would provide a route for businesses to access equity "without the heavy regulatory requirements of a London listing".
Regional exchanges refer to any exchange located outside a country's main financial center. The US has several outside of its financial hub in New York.
Regional exchanges once numbered more than 20 in Britain, with exchanges in Bristol, Halifax and Leeds among others. As many as 11 remained open until the 1970s, when they amalgamated with the London Stock Exchange (LSE).
Announced as part of the party's plans to put the UK economy on a "new footing", the Liberal Democrats also support the establishment of Local Enterprise Funds.
They will help local investors put money into growing businesses in their own part of the country, they said, and support the development of new products from research to production.
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