1 / 16

Social Return on Investment

Social Return on Investment. Social Return on Investment. Chris Rogers, Quality & Monitoring Officer. Background to SROI What, how, why, when? Who could undertake SROI? Size, expertise, infrastructure vs. delivery, funding model What are the problems in undertaking SROI?

karyn-sheppard
Download Presentation

Social Return on Investment

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Social Return on Investment Social Return on Investment Chris Rogers, Quality & Monitoring Officer

  2. Background to SROI • What, how, why, when? • Who could undertake SROI? • Size, expertise, infrastructure vs. delivery, funding model • What are the problems in undertaking SROI? • Measuring impact, metrics, structures • Do I have to use the whole framework? • Lessons learned by BVSC

  3. What is SROI? “A type of economic analysis that provides a framework for measuring social value. The SROI ratio represents the social value created for each £1 invested. Integral to this is the process of listening to stakeholders, understanding & valuing outcomes” New Philanthropy Capital

  4. Background to SROI • Understanding which stakeholders to include • Establishing a theory of change • Based on completing an impact map • Putting a value on those changes • Financial proxies • Can be evaluative (looking back) or forecast

  5. The principles • Involve stakeholders • Understand what changes • Value things which matter • Only include what is material • Do not over claim • Be transparent • Verify the result

  6. The six stages • Establishing scope & identifying key stakeholders • Mapping outcomes • Evidencing outcomes & giving them a value • Establishing impact • Calculating SROI figure • Reporting, using & embedding

  7. Ensuring accuracy • Displacement • Outcomes moved from elsewhere? • Deadweight • What would have happened if we had done nothing? • Attribution • Who else contributed to this change? • Drop-off • How long will these changes last?

  8. Simple example • Total Investment = £100 • Total value of interventions = £1,000 • Displacement -10% (£900) • Deadweight -20% (£720) • Attribution -20% (£576) • Drop-off 0% (£576) SROI figure £5.76 : £1 invested

  9. Who could undertake SROI? • Front line, delivery organisations • Large size • Easily defined project(s) • Objective outcomes • Outcomes across traditional policy boundaries • e.g. Mental health & employment

  10. Who should think hard? • Infrastructure organisations • Small size • Subjective outcomes • High variance in stakeholder opinions • Diverse range of projects / directorates

  11. Is SROI for me? • The key questions to ask yourself: • Will my stakeholders find SROI analysis useful? • Funders mostly • Do we have necessary preconditions in place? • Can we successfully engage stakeholders? • Quantitative data bank in place? • Can outcomes be monetarised?

  12. Do I have to use the whole framework? No, not if you don’t want to • Robust methodology for thinking about theory of change / impact • This can be an end in itself • Consider your theory of change (stage 1&2) • Makes you think more about evidencing impact • Can help you think about how / what to measure

  13. What are the problems? • Cost / time / complexity • Future commitment • Selecting appropriate stakeholders • Ensuring stakeholder buy-in • Avoid alienating them! • Benchmarking • High scope for variance • Do others have margin for error?

  14. Further problems • SROI does not tell you which outcomes to measure • The detailed analysis comes from your organisation

  15. What did BVSC change as a result? • New impact assessment framework • Wider impact of volunteering • Impact assessment included in remit of quality committee • Benchmarking • User feedback collection • In-depth metrics collected • Uniformity of data gathering methodology

  16. Further resources • “A guide to SROI”, Cabinet Office • www.thesroinetwork.org • www.sroiproject.org.uk • Database of Financial Proxies http://www.sroiproject.org.uk/sroi-database.aspx

More Related