Raspberry Pi joins London Stock Exchange Group’s ELITE


03-11-2016

London Stock Exchange Group (LSEG) today welcomes Cambridge's Raspberry Pi, developers of affordable credit card sized computers that help teach programming to people across the world, to its international business support programme. Thirteen companies join the sixth cohort of the UK programme, and 31 join Italy’s tenth cohort.

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  • Raspberry Pi joins ELITE today; brings total number of Cambridge-based companies on the programme to four
  • ELITE is London Stock Exchange Group’s international business support programme
  • In total, 13 new UK companies and 31 from Italy join ELITE today
  • ELITE UK CEOs & Margot James MP, Minister for Small Business, open London trading
  • More than 700 companies, advisors and investors make up growing ELITE community

Xavier Rolet, CEO, LSEG welcomed the new ELITE CEOs to open trading on London’s markets this morning alongside Margot James MP, Minister for Small Business, Consumers, and Corporate Responsibility.

The 13 new UK companies come from across the country, from Glasgow to Devon and represent a diverse range of sectors, including an alternative energy provider, a tech developer helping people across the world learn to program and a business teaching babies and pre-school aged children how to swim.

Today’s new cohorts bring the total number of businesses in the ELITE community to 442, from across 23 countries, generating over £33 billion in combined revenues and accounting for over 160,000 jobs.

List of Cambridge-based ELITE companies

Company

Sector

Website

Raspberry Pi

Technology

www.raspberrypi.org

Imagen

Technology

www.imagenevp.com

Arecor

Biotech

www.arecor.com

Spherefluidics

Pharmaceuticals

www.spherefluidics.com

Xavier Rolet, CEO, London Stock Exchange Group, said: “ELITE is an incredible success story; creating a powerful community of the best and most dynamic entrepreneurs, advisers, investors and business school academics from the UK, Europe and around the world. It is boosting access to finance and financial education for Europe’s 23 million SMEs, allowing them to scale and grow. These businesses are responsible for innovation, generating employment and creating opportunities for us all.

“LSEG is committed to giving the British business stars of the future the very best chance to succeed, providing them with access to the right foundation of growth capital. Today we warmly welcome the new ELITE companies, a clear demonstration of the UK’s ability to grow great businesses.”

Margot James MP, Small Business Minister, said: “The Government is committed to helping SMEs access the finance they need to grow and scale up and, through the British Business Bank, more than 50,000 smaller businesses have secured over £3 billion.

“Finance is important, but fast-growing businesses also need skills and advice and London Stock Exchange Group’s ELITE programme is helping companies from a number of sectors right across the UK. It’s great to be here today watching the next group of ambitious companies enter into the programme.”

Building on the success of the ELITE network, ELITE continues to innovate and expand on its existing offering. In July 2016, ELITE announced plans to launch an online private placement platform for ELITE businesses, ELITE Club Deal, giving companies the possibility to connect directly with professional investors to secure financing.

The full list of new companies joining today can be found online: www.elite-growth.com

Image: New ELITE UK CEOs open trading on London Stock Exchange

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The Raspberry Pi Foundation is a UK-based charity that works to put the power of computing and digital making into the hands of people all over the world. We do this so that more people are able to harness the power of computing and digital technologies for work, to solve problems that matter to them, and to express themselves creatively.

Raspberry Pi Trading Ltd