Supporting Communities … Rural Advocacy… Developing Solutions Social Economy Community
Introduction• Funding is the biggest query through the door• Except that its not – Project development – Business planning – Governance• Funding is a changing picture – Particularly issues around capital – Lots of small revenue – Highly competitive – Often inaccessible processes
Value• What things of value do we have in our community – Hard and fuzzy
Outcomes & outputs• One of the areas groups struggle with• Alternative way of looking at it• Think of the things you value – If its tangible/ you can pick it up- probably an output – If its intangible /fuzzy/social- probably an outcome• Always read the guidance and give the funder what they want!
Asset based approach• New bit of jargon• Idea is its positively focused• Using what the community has• However our view is needs to be balanced
Needs and Wants• What things do we want or need in our communities – Hard and fuzzy – Link the fuzzy to the hard
Social Economy Community Is about how we piece together asset use, alternative sources of funding and traditional funding to meet our needs and wants Try and approach it as a wholesystem/community to develop linkages and extra value
Example 1• A group of villages have between them a pub, a car scheme/minibus, a shop, a poors charity• Every Monday minibus feeds into shop then stops off at pub (access to services)• Pub does pensioner lunch (luncheon club, promotes social interaction)• Extra discount negotiated based on bulk numbers• Poor charity subsidises transport/meal?• Affordable charges• Supports local business
Example 2• Time banking for a youth project• Take it in turns to provide supervision• Can only use if in credit• Use a village hall• Donated or CSR equipment or swop or loan
Example 3• Empty property• Brought into usage for affordable housing• Rent at a lower rate but secured over a number of years• Use of a pub back room• Labour to help redevelop it / pro- bono advice• Possibly provide training• In return get free usage & get increase in traffic
Using asset to meet needs • Pick a need and come up with an idea
Alternative funding options • Social Enterprise models – Direct models – Indirect models • Contract – Direct models – Indirect models – Extra value – Reducing costs think about expenditure – Donate the surplus?
Alternative funding options • Loan – Short and long term • Investment – Share options – Vouchers • Asset management extra value – Direct – Indirect – Remember options with asset transfer/land
Alternative funding options • Social bond/or social investment – Receive a return based on a social goal being reached- upfront or once proven – Mini-bus scheme for medical? – Low level mental health and appointments? – Flu jab centralised in village hall? • Tax – Precept and public works loan board
Alternative funding• How can we use non-grant methods to meet our needs
Measuring and proving• Demonstrating a social value or a social return on investment (SROI)• Identify the true cost• Identify and quantify the value in monetary terms – Often in terms of a saving to another service – Also in terms of extra value generated• Easy to say harder to do (accurately)• Usually based on assumptions
Local spending• Think about your bank account• If more money goes out than comes in…• The local economy works the same
The Money Go Round• Its not just where you spend the money• Where the people you spend with invest is also important• Also about social spend????
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• The problem is not necessarily that too little money flows into a community. Rather it is what consumers, public services & businesses do with that money.• Too often it is spent on services with no local presence, and so immediately leaves the area.• Hotel versus B&B
What about Grants!?• Not an antidote but a counterpart• Saves time• Keeps more resources for the things that don’t/can’t work like this• Helps you demonstrate excellence in a competitive funding environment