ETIC

Founded in 2010, ETIC’s head office is based in Vaulx-en-Velin, a suburb of Lyon, a deprived but developing city. In 2012 ETIC opened its first centre there, ‘Le COMPTOIR’ - a 350 m² co-working space for social entrepreneurs as well as a conference centre, managed by ETIC but owned by the French ethical bank La Nef. Subsequently, in 2013, ETIC helped a large insurance company to create ‘Le BeeoTop’, a 6,000 m² office building for charities and NGOs in Paris, a building that ETIC manages to this day.
 
ETIC has also developed and invested in three further projects, raising €1.8m from 60 ethical shareholders and €1.7m from France’s state financial institution ‘La Caisse des depots’. This capital, combined with bank loans and crowdfunding, allowed them to finance:
  • Mundo-M, in Montreuil (east suburb of Paris): 1,900 m² of office, meeting, conferencing space with an organic café that will open in March 2015 to house over 40 organisations
  • Les Ateliers, in Castres, in the Southwest: 2,000 m² of office, meeting, conferencing space with a restaurant, fair trade and local food shop as well as a temporary exhibition space for local art and craftspeople. This will open in November 2015 and will house over 40 organisations
  • Le Chateau, in Nanterre (west suburb of Paris): over 2,000 m² of office, meeting, conferencing space due to open end of 2016
  • A project in Lyon is also underway.
ETIC’s investors are small private shareholders including employees and tenants, as well as business angels and social investment funds. Ethical Property Belgium has invested €220k and Ethical Property UK €10k as well as offered a €50k bullet loan.

ETIC is committed to cross-collaboration between the ethical property family members. We invested €90k in two systems to increase sharing across the family: a video-conferencing system and a social network named www.socialchange.eu. Initially developed with Ethical Property in mind, those systems have now attracted other organisations who manage ethical spaces and networks.
 
For more information, visit www.etic.co, email contact@etic.co, call +33 (0)4 26 78 24 63 or visit www.facebook.com/etic.fr.
 
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