Social Return On Investment
“… but was it worth it?”
“was it good value for money?”
At some point in their career nearly everyone involved in delivering services will hear the above (often dreaded) questions. These questions are now being asked with increasing frequency, challenging VCS organisations to make the case for investment in their services. Social Return on Investment (SROI) provides an increasingly popular way of expressing the value of services in monetary terms.
The Family Strategic Partnership commissioned GHK to deliver nine regional workshops, providing an introduction to SROI. The workshops started from first principles and assumed no knowledge. They then covered the main types of analysis that could be used, with a particular focus on SROI / Cost-Benefit analysis.
Materials from the workshops are available for download below. In addition, the workshops made reference to a number of practical tools including:
▪ the www.wikivois.org database of outcomes, indicators and financial values which is being developed and maintained by the SROI Network; and,
▪ a guide and basic spreadsheet, produced by GHK to assist in the process of undertaking an indicative SROI analysis. These tools can be found at www.livingwellwestmidlands.org.
Resources:
Workshop slides GHK FSP – Demonstrating Value in Tough Times – SROI
2 – Logic Model and Indicators
4 – Logic Model and Indicators – Model Answer
5 – Cost-Benefit Table – Model Answer
If you have any queries regarding the SROI workshops; the tools available; or the work of GHK more generally then have a look at our GHK CYP VCS Flyer or please contact Fraser Battye on 0121 233 8900 or via e-mail fraser.battye@ghkint.com.