Originally devised as an Olympic legacy programme in 2011, its name symbolises an electric arc, creating a dynamic connection between large businesses and social enterprises – a connection now firmly established.
The arc Impact Report 2015 outlines the achievements of the arc programme in key areas such as:
Jobs: 73% of the 2,917 created being full-time positions lasting at least six months, 67% of these for disadvantaged individuals.
Savings: these jobs represent an estimated saving of more than £11.2m to the state, through reduced unemployment claims, improved health outcomes and increased tax revenues.
Contributions to the UK economy: the contribution of these jobs amounts to £89.8m Gross Value Added.
83% of arc social enterprises grew their income, compared to 52% of social enterprises across the UK. In addition, arc Corporate Partners* have monitored the difference that involvement with the programme has made to their staff, and found over 90% of business volunteers reporting improvements in their management, leadership or communication skills.
Also featured in the report are case studies on social enterprises where arc has had an impact, including Dramatize (simplifying operating systems for a provider of theatrical and dance workshops for individuals with learning disabilities of all ages) and From Babies with Love (helping strengthen the marketing strategy of a baby brand that donates 100% of its profits to orphaned and abandoned babies overseas to the point where it achieved a retail tie-up with Boots).
Building on the achievements of arc London, the programme will be extending across the nation, starting with arc Yorkshire through the support of Corporate Partners Asda and Interserve. If you would like more information on how to get involved, please contact Jane Pritchard on email@example.com
*arc partners include BP, Freshfields Bruckhaus Deringer and Exterion Media.