Arcubus embarks upon a new strategy
Arcubus has been on a learning curve over the last 18 months or so. We’ve been finding it increasingly difficult to find investors for our social investment bond and have concluded that it is not the right product for the City of London. The returns we offer are too low; it falls squarely between the two stools of Corporate Responsibility and Social Investment; the scale is too small for large companies and the 5-year term too long.
Since we launched, other more ‘sexy’ social investment opportunities have emerged and Arcubus now feels that, whilst we remain strongly supportive of social investment as a concept, it’s not the most fruitful way to raise funds for our partners in Africa. It has however really helped us raise awareness of microfinance and we’re grateful to the many companies who have listened to our pitch. We are also grateful for the pioneering work and patience of Allia, who did much to lay the foundations for the popularity and mainstreaming of social investment today.
We’re not ready to hang up our hats yet though; watch this space for news of our next offer…