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Social Economy Community

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workshop delivered at SMART event
please note this presentation was delivered as speaker support material and is intended for reference by attendees not for use as a stand-alone resource

Published in: Economy & Finance, Business
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Social Economy Community

  1. 1. Supporting Communities … Rural Advocacy… Developing Solutions Social Economy Community
  2. 2. 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
  3. 3. Value• What things of value do we have in our community – Hard and fuzzy
  4. 4. 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!
  5. 5. 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
  6. 6. Needs and Wants• What things do we want or need in our communities – Hard and fuzzy – Link the fuzzy to the hard
  7. 7. 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
  8. 8. How can we use our assetsto meet our needs?
  9. 9. 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
  10. 10. 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
  11. 11. 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
  12. 12. Using asset to meet needs • Pick a need and come up with an idea
  13. 13. 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?
  14. 14. Alternative funding options • Loan – Short and long term • Investment – Share options – Vouchers • Asset management extra value – Direct – Indirect – Remember options with asset transfer/land
  15. 15. 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
  16. 16. Alternative funding• How can we use non-grant methods to meet our needs
  17. 17. 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
  18. 18. Local spending• Think about your bank account• If more money goes out than comes in…• The local economy works the same
  19. 19. 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????
  20. 20. 80% remains 20% remainsEnters Remains Enters Remains100 80 100 2080 64 20 464 51 4 151 41 1 -41 More Money and More 3333 - People
  21. 21. • 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
  22. 22. 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
  23. 23. Thoughts and questions?

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