Will si bschangepolicyforthebetter-dangregory-commoncapitalOECD CFE
Social Impact Bonds: Promises and Pitfalls - Expert Seminar
- Expert seminar with the financial support of the European Commission - 15 April 2015, Paris, France
Can Social Impact Bonds influence social policy for the better?OECD CFE
This document discusses social impact bonds and whether they can influence social policy for the better. It notes that government social spending is rising due to increased demand for services like healthcare and children's services. Traditional models of government directly providing or commissioning these services often have poor outcomes and high costs. Social impact bonds are an innovative way to pay for social services based on outcomes rather than activities. They bring private investment and expertise to improve outcomes. An example is given of a social impact bond funding an adoption program that aims to place 2,000 children in families at a lower cost than foster care. The document concludes by saying only time will tell if social impact bonds can change social policy for the better.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the afternoon workshop on working with investors.
On 11th February 2016 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to health. These slides are from the workshop on working with investors.
The document discusses the concept of personalization in social work, including what drove the idea of personalization, how it works in practice by focusing on individual needs and choice, and where it may lead the future of social work by increasing individual control and community participation. Personalization aims to value diversity and social justice by providing tailored support to meet individual needs.
At the end of February 2012, ILC-UK, with the support of Partnership, published a report which explored the impact of the Retail Distribution Review (RDR) on people with small pension pots.
Whilst the report supported the principles of the RDR, it expressed worries about the creation of an ‘advice gap’ where the poorest and least well-off pensioners might fail to receive critical financial advice.
Since the publication of the report, Government, the FSA and HM Treasury have taken forward a number of positive policy initiatives, some of which addressed some of the issues in the ILC-UK report. The ABI has developed a new code of conduct for members which will support the consumer to take the open market option. The DWP has been developing “operation big pension pot”. And the FSA has published guidance on simplified advice.
However, the problems highlighted in the ILC-UK report are far from solved and there remain a number of immediate challenges. The combination of the end of compulsory annuitisation, the introduction of the RDR, the growth in the number of small pension pots and the introduction of auto enrolment will require further policy action in the short term, and certainly before 1 January 2013.
This summit was convened with a view of creating a policy consensus to tackle the challenges ahead. Following the Summit, ILC-UK will publish a report which sets out the recommendations which emerge from the event.
The Retirement Income Summit focused on three specific themes. Senior representatives from Government, industry and consumer organisations debated
Post RDR financial advice may be beyond the means of the average person. How can we fill the advice gap?
People with average sized pension pots are entitled to reasonable outcomes. How can we improve the pensions annuity process for the consumer and industry?
Good regulation protects the consumer but it must not inadvertently damage the potential of products and services to increase pensioner income? How can we ensure that the length and complexity of communications required by legislation does not damage communications?
On the 12th October 2016, the ILC-UK held a Housing in an Ageing Society event, kindly hosted by Legal & General and supported by the ILC-UK Partners Programme.
On Tuesday, 19th July the International Longevity Centre - UK (ILC-UK) launched our “Housing in an ageing society” factpack with the support of FirstPort.
The report found a significant increase in older people living alone, yet millions were failing to adapt their homes to help them live independently.
The State of the Nation’s Housing’ reports that:Only around half of those over 50s experiencing limitations in Activities of Daily Living, live in homes with any adaptations.
Those in retirement housing are significantly more likely to be living in homes with adaptations than those who do not. Approximately 87% of those in retirement housing have home adaptations, by comparison to around 60% of other housing.
There could be a retirement housing gap of 160,000 by 2030 if current trends continue. By 2050, the gap could grow to 376,000.
Over 16 million people – mainly owner occupied, middle aged and older households - live in under-occupied housing.
Growing numbers of 45-64 year olds, and 65-74 year olds are living alone, with 6 million people living in houses with two or more excess bedrooms.
At the event we explored these trends and consider how policymakers should respond.
We heard presentations from:
- Sally Randall, Director, Housing Standards and Support, Department for Communities and Local Government
- Nigel Wilson, Group Chief Executive, Legal & General;
- Dr Brian Beach, Research Fellow, ILC-UK
Will si bschangepolicyforthebetter-dangregory-commoncapitalOECD CFE
Social Impact Bonds: Promises and Pitfalls - Expert Seminar
- Expert seminar with the financial support of the European Commission - 15 April 2015, Paris, France
Can Social Impact Bonds influence social policy for the better?OECD CFE
This document discusses social impact bonds and whether they can influence social policy for the better. It notes that government social spending is rising due to increased demand for services like healthcare and children's services. Traditional models of government directly providing or commissioning these services often have poor outcomes and high costs. Social impact bonds are an innovative way to pay for social services based on outcomes rather than activities. They bring private investment and expertise to improve outcomes. An example is given of a social impact bond funding an adoption program that aims to place 2,000 children in families at a lower cost than foster care. The document concludes by saying only time will tell if social impact bonds can change social policy for the better.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the afternoon workshop on working with investors.
On 11th February 2016 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to health. These slides are from the workshop on working with investors.
The document discusses the concept of personalization in social work, including what drove the idea of personalization, how it works in practice by focusing on individual needs and choice, and where it may lead the future of social work by increasing individual control and community participation. Personalization aims to value diversity and social justice by providing tailored support to meet individual needs.
At the end of February 2012, ILC-UK, with the support of Partnership, published a report which explored the impact of the Retail Distribution Review (RDR) on people with small pension pots.
Whilst the report supported the principles of the RDR, it expressed worries about the creation of an ‘advice gap’ where the poorest and least well-off pensioners might fail to receive critical financial advice.
Since the publication of the report, Government, the FSA and HM Treasury have taken forward a number of positive policy initiatives, some of which addressed some of the issues in the ILC-UK report. The ABI has developed a new code of conduct for members which will support the consumer to take the open market option. The DWP has been developing “operation big pension pot”. And the FSA has published guidance on simplified advice.
However, the problems highlighted in the ILC-UK report are far from solved and there remain a number of immediate challenges. The combination of the end of compulsory annuitisation, the introduction of the RDR, the growth in the number of small pension pots and the introduction of auto enrolment will require further policy action in the short term, and certainly before 1 January 2013.
This summit was convened with a view of creating a policy consensus to tackle the challenges ahead. Following the Summit, ILC-UK will publish a report which sets out the recommendations which emerge from the event.
The Retirement Income Summit focused on three specific themes. Senior representatives from Government, industry and consumer organisations debated
Post RDR financial advice may be beyond the means of the average person. How can we fill the advice gap?
People with average sized pension pots are entitled to reasonable outcomes. How can we improve the pensions annuity process for the consumer and industry?
Good regulation protects the consumer but it must not inadvertently damage the potential of products and services to increase pensioner income? How can we ensure that the length and complexity of communications required by legislation does not damage communications?
On the 12th October 2016, the ILC-UK held a Housing in an Ageing Society event, kindly hosted by Legal & General and supported by the ILC-UK Partners Programme.
On Tuesday, 19th July the International Longevity Centre - UK (ILC-UK) launched our “Housing in an ageing society” factpack with the support of FirstPort.
The report found a significant increase in older people living alone, yet millions were failing to adapt their homes to help them live independently.
The State of the Nation’s Housing’ reports that:Only around half of those over 50s experiencing limitations in Activities of Daily Living, live in homes with any adaptations.
Those in retirement housing are significantly more likely to be living in homes with adaptations than those who do not. Approximately 87% of those in retirement housing have home adaptations, by comparison to around 60% of other housing.
There could be a retirement housing gap of 160,000 by 2030 if current trends continue. By 2050, the gap could grow to 376,000.
Over 16 million people – mainly owner occupied, middle aged and older households - live in under-occupied housing.
Growing numbers of 45-64 year olds, and 65-74 year olds are living alone, with 6 million people living in houses with two or more excess bedrooms.
At the event we explored these trends and consider how policymakers should respond.
We heard presentations from:
- Sally Randall, Director, Housing Standards and Support, Department for Communities and Local Government
- Nigel Wilson, Group Chief Executive, Legal & General;
- Dr Brian Beach, Research Fellow, ILC-UK
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Shane Brennan, from Age Concern Kingston and looks at the changing context of public service commissioning.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Find out more about NCVO's work on volunteering: http://www.ncvo.org.uk/practical-support/volunteering
Use - Measuring Impact to Improve PerformanceSIAAssociation
The document discusses using impact measurement to drive social change. It describes how impact measurement can be used to:
1) Raise social investment by defining metrics to measure improved social outcomes that investors require for payment;
2) Improve performance of social programs by collecting daily data, conducting regular reviews, and producing dashboards to monitor outcomes and service delivery; and
3) Build an evidence base by measuring the impact of interventions on target populations in order to identify services that are effective.
Self-directed support (NDIS or My Way) has the potential to revolutionise support to people with disabilities. But service providers must also adapt, learn and innovate. These slides were shared at an event for over 90 service providers in Perth, WA - with the support of WADSC and NDS.
How using social impact measurement and reporting can help your charity with Public Benefit Reporting.
Gauge provided a breakfast workshop with Harbinson Mulholland and Edwards & Co entitled "A Whole New World - Understanding the new reality for charity reporting"
This document summarizes the challenges of measuring social impact for social investment purposes. It discusses issues such as defining what access to finance means, the lack of demand and supply in the social investment market, difficulties in measuring the impact of individual investments and funds, and ensuring trust in social accounting approaches. It concludes that while social investment can provide finance for social benefit, questions remain around measuring social impact, whether it fills real needs, and if different measurement approaches are required for different stakeholder purposes.
This document discusses social impact bonds (SIBs), which use private investment to fund preventative social services. SIBs require upfront investment, evidence-based activities, and repayment to investors only if improved outcomes are achieved. The document notes Newcastle's interest in SIBs to increase preventative funding, generate savings, and encourage collaboration. Challenges include ensuring activities directly improve measurable outcomes and that commissioners repay investors. Newcastle has issued a call for SIB proposals focused on innovation to improve citywide outcomes across areas like homelessness, health, community safety, and skills.
Statement of Impact -- New Leaf ProjectRoger Valdez
Foundations for Social Change conducted a randomized controlled trial that provided one-time $7,500 cash transfers to 50 homeless individuals in Vancouver. Preliminary data found that cash recipients moved into stable housing faster, spent fewer days homeless, achieved greater food security, and reduced spending on substances. Recipients reported using the money to find housing, transportation, and focus on education and family. The organization aims to raise $10 million to expand the project to 200 more homeless individuals and scale the approach to multiple cities across Canada.
Developing the business case for public engagement – exploring ‘Return on Inv...walescva
This document discusses return on investment (ROI) models for public scrutiny. It provides an overview of how ROI approaches can demonstrate the value of scrutiny activities. The document outlines a five-stage scrutiny model that incorporates stakeholder engagement and ROI calculation. Examples are given of reviews in different areas that identified potential savings ranging from £20,000 to over £1 million. Advantages of the ROI approach include prioritizing impactful topics and gaining support from multiple stakeholders. Questions are provided to help attendees explore applying ROI models in their own work.
The Fulfilling Lives projects have engaged a total of 1,604 beneficiaries to date, reaching those with at least two of four needs - homelessness, offending, substance misuse and mental health issues. Most beneficiaries (94%) have at least three needs. The profile of beneficiaries matches what is known about people with multiple needs, with most being male, aged 25-44, and White British. While some beneficiaries have left the projects, generating referrals does not seem to be a major issue. Projects have varied in how closely they have met beneficiary recruitment targets so far.
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
Nick Temple (Director of Business, Social Enterprise UK) discussed how an enterprising culture can help create opportunities that are both sustainable and innovative. This session used real examples to demonstrate how an enterprising culture can be developed within organisations.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Graham Phillips and Jane Locke are presenting on social investment and social impact bonds. Social investment involves using private money to fund social services and programs with the goal of both financial returns and improved social outcomes. A key example is a social impact bond, where private investors fund social programs and are repaid by the government if predetermined outcomes are met, such as reducing homelessness or reoffending rates. The presentation provides an overview of social impact bonds and examples in areas like children's services, substance abuse treatment, and housing for the homeless. Challenges for implementing social impact bonds at the local level are also discussed.
The role of the finance department in service delivery is to:
1) Deliver timely, insightful business intelligence that contributes to competitive advantage by understanding and aligning with stakeholders' requirements.
2) Interpret, explain, and drive performance while advising on business planning and influencing decisions through analysis and insights.
3) Assess business performance using accounts to help stakeholders judge how well the organization is performing and meeting their needs.
This document provides information for an applicant insight meeting about the Scottish Sport Relief Home & Away Programme. It outlines the aims of the meeting as increasing understanding of Comic Relief's grant making programs. The agenda covers Comic Relief's principles, policies, outcomes approach, monitoring and evaluation, and what makes a successful application. Eligible countries and programmes are listed. The goal is to bring about positive and lasting change for poor and disadvantaged people through addressing immediate needs and root causes of poverty.
These slides were generated as part of a Festival of Debate event to explore the possibility of developing a movement in Sheffield to test and develop a basic income pilot.
Launched in the House of Lords on Thursday, 13th July 2017, this report, produced by ILC-UK with the support of Royal London, finds that those who received financial advice in the 2001-2007 period had accumulated significantly more liquid financial assets and pension wealth than their unadvised equivalent peers by 2012-14.
Social Fitness Report by Proludic | Sports Legacy ZoneProludic Ltd
A Picture of the Health and Fitness of UK Community Leisure Facilities from Proludic as part of the Sports Legacy Zone package in partnership with Steve Backley and Roger Black
Social Return On Investment: Demonstrating value in homelessness servicesFEANTSA
Presentation given by Emma Vallance, Social Impact Scotland, Forth Sector Development and Rhona MacPherson,
Senior Manager, Dumfries and Galloway Council, UK at a FEANTSA seminar on "Funding strategies: Building the case for homelessness", hosted by the Committee of the Regions, June 2012
This document discusses measuring social value and outlines key questions and considerations for doing so. It addresses traditional approaches to valuation, drivers for changing how value is measured, and why measuring social value is important. Key aspects of measuring social value include identifying who and how beneficiaries change due to an organization's activities, how much change occurs and how much of that change can be attributed to the organization, and how these changes are measured and evaluated. The document provides examples of measuring social value for different projects and case studies.
3rd Presentation - Sam Hill, Youth Action WiltshireDEVELOP
Sam Hill is a tutor and support worker on employability programmers for Youth Action Wiltshire. Sam discussed how social action can help young people into work
Photographs taken of the first group October 2016 to complete the 9 week YES Media course.
This course offered by Leicestershire's Youth Employability Support (YES) Project. The project supports young people age 15-24 to overcome challenges and barriers that have prevented them from finding a job or seeking further education.
The YES Project is jointly funded by Big Lottery and European Social Fund.
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Shane Brennan, from Age Concern Kingston and looks at the changing context of public service commissioning.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Find out more about NCVO's work on volunteering: http://www.ncvo.org.uk/practical-support/volunteering
Use - Measuring Impact to Improve PerformanceSIAAssociation
The document discusses using impact measurement to drive social change. It describes how impact measurement can be used to:
1) Raise social investment by defining metrics to measure improved social outcomes that investors require for payment;
2) Improve performance of social programs by collecting daily data, conducting regular reviews, and producing dashboards to monitor outcomes and service delivery; and
3) Build an evidence base by measuring the impact of interventions on target populations in order to identify services that are effective.
Self-directed support (NDIS or My Way) has the potential to revolutionise support to people with disabilities. But service providers must also adapt, learn and innovate. These slides were shared at an event for over 90 service providers in Perth, WA - with the support of WADSC and NDS.
How using social impact measurement and reporting can help your charity with Public Benefit Reporting.
Gauge provided a breakfast workshop with Harbinson Mulholland and Edwards & Co entitled "A Whole New World - Understanding the new reality for charity reporting"
This document summarizes the challenges of measuring social impact for social investment purposes. It discusses issues such as defining what access to finance means, the lack of demand and supply in the social investment market, difficulties in measuring the impact of individual investments and funds, and ensuring trust in social accounting approaches. It concludes that while social investment can provide finance for social benefit, questions remain around measuring social impact, whether it fills real needs, and if different measurement approaches are required for different stakeholder purposes.
This document discusses social impact bonds (SIBs), which use private investment to fund preventative social services. SIBs require upfront investment, evidence-based activities, and repayment to investors only if improved outcomes are achieved. The document notes Newcastle's interest in SIBs to increase preventative funding, generate savings, and encourage collaboration. Challenges include ensuring activities directly improve measurable outcomes and that commissioners repay investors. Newcastle has issued a call for SIB proposals focused on innovation to improve citywide outcomes across areas like homelessness, health, community safety, and skills.
Statement of Impact -- New Leaf ProjectRoger Valdez
Foundations for Social Change conducted a randomized controlled trial that provided one-time $7,500 cash transfers to 50 homeless individuals in Vancouver. Preliminary data found that cash recipients moved into stable housing faster, spent fewer days homeless, achieved greater food security, and reduced spending on substances. Recipients reported using the money to find housing, transportation, and focus on education and family. The organization aims to raise $10 million to expand the project to 200 more homeless individuals and scale the approach to multiple cities across Canada.
Developing the business case for public engagement – exploring ‘Return on Inv...walescva
This document discusses return on investment (ROI) models for public scrutiny. It provides an overview of how ROI approaches can demonstrate the value of scrutiny activities. The document outlines a five-stage scrutiny model that incorporates stakeholder engagement and ROI calculation. Examples are given of reviews in different areas that identified potential savings ranging from £20,000 to over £1 million. Advantages of the ROI approach include prioritizing impactful topics and gaining support from multiple stakeholders. Questions are provided to help attendees explore applying ROI models in their own work.
The Fulfilling Lives projects have engaged a total of 1,604 beneficiaries to date, reaching those with at least two of four needs - homelessness, offending, substance misuse and mental health issues. Most beneficiaries (94%) have at least three needs. The profile of beneficiaries matches what is known about people with multiple needs, with most being male, aged 25-44, and White British. While some beneficiaries have left the projects, generating referrals does not seem to be a major issue. Projects have varied in how closely they have met beneficiary recruitment targets so far.
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
Nick Temple (Director of Business, Social Enterprise UK) discussed how an enterprising culture can help create opportunities that are both sustainable and innovative. This session used real examples to demonstrate how an enterprising culture can be developed within organisations.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Graham Phillips and Jane Locke are presenting on social investment and social impact bonds. Social investment involves using private money to fund social services and programs with the goal of both financial returns and improved social outcomes. A key example is a social impact bond, where private investors fund social programs and are repaid by the government if predetermined outcomes are met, such as reducing homelessness or reoffending rates. The presentation provides an overview of social impact bonds and examples in areas like children's services, substance abuse treatment, and housing for the homeless. Challenges for implementing social impact bonds at the local level are also discussed.
The role of the finance department in service delivery is to:
1) Deliver timely, insightful business intelligence that contributes to competitive advantage by understanding and aligning with stakeholders' requirements.
2) Interpret, explain, and drive performance while advising on business planning and influencing decisions through analysis and insights.
3) Assess business performance using accounts to help stakeholders judge how well the organization is performing and meeting their needs.
This document provides information for an applicant insight meeting about the Scottish Sport Relief Home & Away Programme. It outlines the aims of the meeting as increasing understanding of Comic Relief's grant making programs. The agenda covers Comic Relief's principles, policies, outcomes approach, monitoring and evaluation, and what makes a successful application. Eligible countries and programmes are listed. The goal is to bring about positive and lasting change for poor and disadvantaged people through addressing immediate needs and root causes of poverty.
These slides were generated as part of a Festival of Debate event to explore the possibility of developing a movement in Sheffield to test and develop a basic income pilot.
Launched in the House of Lords on Thursday, 13th July 2017, this report, produced by ILC-UK with the support of Royal London, finds that those who received financial advice in the 2001-2007 period had accumulated significantly more liquid financial assets and pension wealth than their unadvised equivalent peers by 2012-14.
Social Fitness Report by Proludic | Sports Legacy ZoneProludic Ltd
A Picture of the Health and Fitness of UK Community Leisure Facilities from Proludic as part of the Sports Legacy Zone package in partnership with Steve Backley and Roger Black
Social Return On Investment: Demonstrating value in homelessness servicesFEANTSA
Presentation given by Emma Vallance, Social Impact Scotland, Forth Sector Development and Rhona MacPherson,
Senior Manager, Dumfries and Galloway Council, UK at a FEANTSA seminar on "Funding strategies: Building the case for homelessness", hosted by the Committee of the Regions, June 2012
This document discusses measuring social value and outlines key questions and considerations for doing so. It addresses traditional approaches to valuation, drivers for changing how value is measured, and why measuring social value is important. Key aspects of measuring social value include identifying who and how beneficiaries change due to an organization's activities, how much change occurs and how much of that change can be attributed to the organization, and how these changes are measured and evaluated. The document provides examples of measuring social value for different projects and case studies.
3rd Presentation - Sam Hill, Youth Action WiltshireDEVELOP
Sam Hill is a tutor and support worker on employability programmers for Youth Action Wiltshire. Sam discussed how social action can help young people into work
Similar to Social Value and Local Commissioning (20)
Photographs taken of the first group October 2016 to complete the 9 week YES Media course.
This course offered by Leicestershire's Youth Employability Support (YES) Project. The project supports young people age 15-24 to overcome challenges and barriers that have prevented them from finding a job or seeking further education.
The YES Project is jointly funded by Big Lottery and European Social Fund.
The forum agenda outlined a morning event covering updates from local organizations on topics like an online directory, future children's services, and safeguarding. There would be a refreshment break followed by a workshop session on challenges and solutions for voluntary and community sector organizations in delivering children's services. The day would close with evaluations and remarks.
The forum agenda included presentations on credit unions and their role in the voluntary and community sector, an update on universal credit and apprenticeship programs, and workshops on the work and health program and local tax reduction schemes. There would also be updates on the local enterprise partnership board and European structural and investment funds program. The day-long event was to provide information to sector organizations through a series of speakers and networking opportunities.
The Health & Social Care Forum agenda outlines presentations and workshops that will be held on March 8, 2016. It will include updates on the Better Care Together Strategy and 5-year plans from the Leicestershire Partnership NHS Trust and Leicestershire County Council. There will also be a workshop discussing the role of the voluntary community sector in 2016-2017 as well as presentations on the Better Care Fund and social seeding initiatives.
Health and social care forum final agenda march 2016
Social Value and Local Commissioning
1. Social Value and Local
Commissioning
Joelle Bradly
Research and Insight Team
Chief Executive’s Department
Leicestershire County Council
2. Why do we want to understand
social value?
• Less money
• Less emphasis on top down performance
indicators
• Public Services (Social Value) Act
• Localism Act and Big Society – bottom up
involving people
• Early intervention – save money later
• Transparent - more accountable to residents
3. Measuring social value
1. What outcomes should we be measuring?
2. How do we evidence outcomes?
3. How do we apply a value to outcomes?
4. How do we put social value into context?
5. How will it be considered in
commissioning
6. How can we create maximum social
value?
4. 1. What outcomes should we be
measuring?
Who is affected?
What changes for them?
• Intended and Unintended outcomes
• Positive and Negative outcomes
• Financial / social / environment
5. Theory of change
Inputs>> outputs>>outcomes
Chain of events
Short term outcomes>> Medium term
outcomes >> Long term outcomes
Test for materiality-Are the outcomes all significant and relevant?
6. 2. How do we evidence
outcomes?
How do you know a change has happened?
Choosing an indicator
New or existing data
Test for materiality-Are the quantities significant enough to include?
7. 3. How do we value outcomes?
Use financial proxies to estimate the value of
non-market goods to different stakeholders
•Stated preference
•Revealed preference
http://www.wikivois.org
Test for materiality-Are the values significant enough to include?
8. 4. How do we put social value
into context?
Who else do you work with to achieve
outcomes?
How long do outcomes last for?
Do they drop off over time?
Are outcomes being displaced?
What would have happened anyway?
Test for materiality-Is the impact that results from the activity still significant?
How does the value compare to the investment?
9. 7 principles of
Social Return on Investment:
• Involve stakeholders
• Understand what changes
• Value the things that matter
• Only include what is material
• Do not over-claim
• Be transparent
• Verify the result
10. There are six stages of SROI
3.
Evidencing
1.Establishing
scope and 2. Mapping outcomes
identifying outcomes and giving
key them a
stakeholders value
4.
6.Reporting, 5. Establishing
using and Calculating impact
embedding the SROI
11. SROI Examples
For each £1 invested in CSSP supporting Connexions Leicester Shire to deliver
sexual health services between approximately £7 and £9 is returned in social
value
Value to different stakeholder groups
Primary benefits
o Reduction in teenage pregnancy for young people (variable)
Secondary Benefits
o Young people make more informed proactive choices
o Reduced cost to public services of a teenage pregnancy (variable)
o Better support for young people taking risks reduces the number of
disengaged young people
Tertiary benefits
o Improved access to emotional support for young people
12. For each £1 invested in Warning Zone mentoring between £3 and £4 is returned
in social value
Value to different stakeholder groups
Value Stakeholder
£23,453 Children
£7,112 Police / Districts
£358 Parents
Inputs = CS funding (£3,000), volunteers, schools
Primary benefits of Warning Zone in Harborough:
-Young people are aware of risks and able to make informed decisions regarding their
own safety
Secondary Benefits:
-Reduced cost of ASB
13. For each £1 invested in Twenty Twenty mentoring approximately £3 is returned in
social value
Value to different stakeholder groups
Value Stakeholder
£193,606 Young People at risk
£22,351 Police
£16,704 DWP
£10,753 Mentors
£5,387 Parents
Inputs = Funding (£45,000), volunteers
Primary benefits of Twenty Twenty Mentoring:
- Young people are able to improve their relationships with family and friends
- Young people are independently able to deal with difficult situations and stay strong
Secondary Benefits:
-Reduced cost of ASB
-Reduced cost of NEET young people
14. 5. How can social value be
considered in Commissioning?
Understanding the needs and aspirations
of a specific population
•What is the social and financial value or
meeting needs?
•What are their current assets?
•How do services currently or potentially
contribute to meeting their needs?
15. Key questions to help measure
your social value
Who do you have an impact on?
What changes for them?
How much do they value this change?
How long does change last?
Who else do you work with to achieve change?
What would happen anyway?
16. 6. How can you create maximum
social value?
• Involve stakeholders in understanding your
theory of change
• Manage known and potential negative
impacts
• Understand enablers and preventers of
change
• Focus on outcomes that create the most value