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Impact and social return on investment


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Presentation for Teaching + Technology = Impact event in Birmingham

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Impact and social return on investment

  1. 1. Measuring Impact Through Social Return On Investment (SROI)  
  2. 2. Social Return On Investment(SROI) <ul><li>SROI is a framework to structure thinking and understanding and provide away of representing value created by an organisation, policy or activity (its a story not a number) </li></ul>
  3. 3. Measuring Impact through SROI <ul><li>Involve stakeholders </li></ul><ul><li>Understand what changes </li></ul><ul><li>Value the things that matter </li></ul><ul><li>Only include what is material </li></ul><ul><li>Do not over-claim </li></ul><ul><li>Be transparent </li></ul><ul><li>Verify the result </li></ul><ul><li>Impact maps examples /templates can be found at: </li></ul><ul><li>www.the sroinetwork .org </li></ul>
  4. 4. Benefits of SROI <ul><li>A consistent clear approach to understanding and reporting value-resulting in better organisations with better strategies better systems and clear lines of accountability </li></ul><ul><li>More able to attract resources required to achieve the organisational mission </li></ul>
  5. 5. Stakeholder Involvement <ul><li>SROI gives a voice to stakeholders who are excluded from the market place </li></ul><ul><li>Offers opportunities to express opinions on more equal terms </li></ul><ul><li>SROI includes stakeholders' in decisions about allocating resources </li></ul>
  6. 6. SROI Ambitions <ul><li>Measuring soft and hard outcomes </li></ul><ul><li>To develop consistency (while keeping flexibility) </li></ul><ul><li>For use by organisations, commissioners and funders </li></ul><ul><li>Challenges </li></ul><ul><li>Methodological and contextual </li></ul><ul><li>General and inherent to social impact measurements </li></ul>
  7. 7. Reality Check <ul><li>Is this really all my value? </li></ul><ul><li>Has anyone else contributed to the achievement of these outcomes (Attribution) </li></ul><ul><li>Attribution –what part of the outcome can be attributed to your activities and what part to others </li></ul><ul><li>Deadweight –how much of the outcome would have happened any way </li></ul>
  8. 8. Selling Added Value <ul><li>SROI –Impact Map </li></ul><ul><li>Impact mapping helps to tell the story of what you do </li></ul><ul><li>Demonstrates the impact of the activity </li></ul><ul><li>It measure the value of what you do </li></ul><ul><li>Presents value in quantifiable and financial terms </li></ul>
  9. 9. The Process <ul><li>Develop a forecast of outcomes with indicators as a result of outputs </li></ul><ul><li>Develop your impact map </li></ul><ul><li>Revise the impact map after a year with actual data and report impact </li></ul><ul><li>Impact from projects can support funding applications, influence commissioners of services, improve relationships with stakeholders and support partnership working </li></ul>
  10. 10. Impact Map stakeholder input output outcome Client (example) Support Workers Time and effort £0.00 Time and effort £0.00 470 supported placements 188clients provided with a work placement or supported employment <ul><li>Increased confidence </li></ul><ul><li>• Improved coping skills for mental health issues </li></ul><ul><li>• Increased fitness </li></ul><ul><li>• Improved people skills </li></ul><ul><li>• Improved relationships </li></ul><ul><li>with family and friends </li></ul><ul><li>Increased workload </li></ul><ul><li>Improved communication with clients </li></ul><ul><li>Improved relationship with clients </li></ul>Government No input £0.00 78 people moving into employment <ul><li>Reduced benefit cost </li></ul><ul><li>• Increased Income Tax </li></ul>
  11. 11. Impact Map <ul><li>In addition the impact map should include : </li></ul><ul><li>Description of the activity Indicator </li></ul><ul><li>Source Quantity </li></ul><ul><li>Duration Financial Proxy </li></ul><ul><li>Value Source </li></ul><ul><li>Attribution% Displacement% </li></ul><ul><li>Deadweight % Drop off % </li></ul><ul><li>Impact Calculating the Social Return </li></ul><ul><li>Explanation of terms and examples of mapping SROI can be found at: </li></ul><ul><li> </li></ul>
  12. 12. Calculating Impact <ul><li>Financial proxy multiplied by the quantity of the outcome gives you a total value. </li></ul><ul><li>From this total you deduct any percentages for deadweight or attribution. </li></ul><ul><li>Repeat this for each outcome (to arrive at the impact for each) </li></ul><ul><li>Add up the total (to arrive at the overall impact of the outcomes you have included) </li></ul>
  13. 13. Closing the gap <ul><li>A consortium led by Forth Sector and including: The Office of the Third Sector (0TS),The Scottish Office, New Economics Foundation (NEF),New Philanthropy Capital(NPC), Charity Evaluation Services (CES),Social Audit Network (SAN) have signed up to a project to develop, promote and support the use of a standard form for measuring social return on investment (SROI) is now near completion. Full report will be available at: </li></ul><ul><li> </li></ul>
  14. 14. Resources <ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li>www.the sroinetwork .org </li></ul>
  15. 15. For further information please contact [email_address] 01432 376314