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November Newsletter
This month we have a spotlight on crime and intervention, with three impact reports on the topic. Remember our Reports Database is full of SROI, Cost-Benefit and impact reports that are fully searchable by topic.
We have updates from SVUK and across our membership, spanning private, public and third sectors. There's also a large section of interesting articles, research, global news and reports to catch up on! Finally, keep scrolling for a huge list of community opportunities including events, work opportunities and training.
Join Social Value UK for more support, events and services.
Spotlight: Crime and Intervention
Refuge: A Social Return on Investment Evaluation
Refuge’s network of services operates nationally across 53 local authority boroughs and district and county councils, and includes more than 40 refuges. Refuge also runs independent domestic violence advocacy services; culturally-specific services – including programmes for Vietnamese women and Eastern European women ; community outreach programmes; and single-point-of-access services – which act as the first point of contact for anybody experiencing gender-based violence across the whole of a local authority area. The National Domestic Violence Helpline is run by Refuge in partnership with Women’s Aid and receives more than 200 calls every day. In addition, Refuge runs award winning pro bono prevention and awareness raising campaigns.
St Giles Trust Creating social value and building social capital
St Giles Trust is a charity which aims to break the cycle of prison, crime and disadvantage. It offers a range of services, both in prison and in the community, which aim to help the 16,000 clients they work with each year overcome any barriers which might be holding them back from moving their lives forward in a positive way. St Giles Trust stands out by placing prisoners and ex-offenders at the heart of the solution, engaging them to advise their peers while simultaneously providing them with training.
Barnardo’s interventions for young people who have been sexually exploited
Statistical methods were employed to measure the effect of Barnardo’s interventions on the severity of sexual exploitation and its associated risk factors. The cost of sexual exploitation was estimated for varying degrees of severity using a range of secondary sources. These estimates were then combined to calculate the gross financial benefit of the intervention, and compared to the cost of the intervention to give an overall fiscal rate of return.This research highlights the benefits to the taxpayer of Barnardo’s interventions for young people who have been sexually exploited substantially outweigh the costs, with a potential saving of either £6 or £12 for every £1 spent depending on the assumptions made, in addition to a substantial (non-costed) reduction in the risk of sexual exploitation.
Social Value UK - What's New?
Social Value Exchange 2017
Social Value UK will be hosting our annual Social Value Exchange on November 30th in Manchester. Unfortunately this event is oversubscribed, but we would love to have you join the conversation on social media. If you are coming, please also share your involvement on Twitter. You can follow updates via #SVX17
Why we should audit impact reports
Are claims made in social impact measurement reports accurate? Someone should check, says our CEO Jeremy Nicholls. After all, investors receive independently audited financial reports. Why shouldn’t beneficiaries receive the same? Read more in our blog for Pioneers Post.
SVI and NCP Linkages Paper
Approaches to understanding and valuing social and environmental value have evolved considerably in recent years. Two principal frameworks are Social Value International’s Social Value Framework, which primarily focuses on social value, and the Natural Capital Coalition’s Protocol, which primarily focuses on natural capital. By understanding these two approaches and how they relate to one another, users can more easily understand how to use them together to account for the changes that matter.
Jeremy Nicholls, Executive Director, Social Value International
Arabic Translation of Guide to SROI
The Arabic translation of the Social Return on Investment (SROI) Guide is up! Completed as a partnership between Social Value International and Sustainable Square, the translation aims to serve as a guiding reference for Arab practitioners to further promote the concept of calculating social value within the region.
Next Member Webinar
When? 5th December
Who? Emma Horridge
(Manchester Museum)
What? Volunteering for wellbeing - SROI for a large cultural collaboration
New Accredited Practitioner
Erandi Samararakoon from LendLease has become the newest Social Value International Accredited Practitioner. Please join us in congratulating her.
New to impact management?
Get involved in the Pathway strand of the Impact Management Programme to co-design support that will help you use your impact data to improve what you do. Join SVUK for a fun and informative workshops across the country.
Latest in the world of assurance
Social Value UK provide a range of assurance and accreditation services on behalf of Social Value International. This month we have a number of exciting assurance developments! Alongside launching the new assurance standard for 2017/2018, we are now able to assure non-SROI impact reports for the first time! The reports will still need to apply the Principle of 'Value What Matters' but this can be done without monetising - this could be through ranking outcomes or weighting them.
New project!
SVUK are really excited to have started working with our partners on the Erasmus+/KA2 Strategic Partnership project; Return on Investment of Work Based Learning and Apprenticeships. The first project meeting took place in Kosice, Slovakia and we are looking forward to providing training and support to the project team as they look to develop an online tool to assist small and medium sized organisations to measure the value of apprenticeships and work based learning.
More information to follow.
Anglian Building Products become members!
Anglian Building Products have joined Social Value UK as organisational members. Anglian Building Products, the large projects division of Anglian Windows Ltd, specialises in the supply and installation of windows, doors and external wall insulation.
Social Value Bulletin
Social Value UK Members Updates
Are we really creating ‘value’ and how do we know? A blog from SAN, available to read here.
HACT present 'Practical Social Value' on Thursday 8 February 2018. The event will focus on practical uses for Social Value information and use of Social Value tools. This conference will clearly show the practical use of Social Value information and how it can improve service delivery, customer satisfaction, decision making and help to secure funding.
The Public Finance Innovation Awards feature 18 awards including a Grand Prix overall winner. The awards are divided into two sections, 17 categories for public sector organisations and individuals. These are FREE to enter and organisations may enter more than one category. Full details available here.
"In terms of what excites me about the future; it's the chance to build a sustainable business with its own income earned from our social enterprise to support our formerly homeless companions! That’s our goal, that’s our business plan and what we are all working towards." A blog from Joanne Anderson on what it means to be a charity trustee.
We have accredited the Social Profit Calculator, more information available on our website.
The difference in healthy life expectancy between those living in the least and most deprived areas of the UK is 19 years. These widespread and consistent health inequalities are often determined by stark social and economic inequality. Only about 10% of what makes us healthy is related to access to health care services. Social determinants—such as housing, education, friends and communities, family, employment and our surroundings—are increasingly recognised as the most important drivers of health outcomes and life expectancy. Find out more with this event from NPC.
Social Value In The News
This month we uploaded the UN Global Compact’s Ten Principles to the Global Value Exchange. The Global Compact is an initiative which encourages businesses to operate responsibly in relation to human rights, labour rights, anti-corruption and the environment. By adopting these principles into their planning and operations, businesses can work towards improving the changes they generate for people and the planet. The initiative is part of a wider effort to achieve the Sustainable Development Goals. See more.
The SVA Fundamentals for Impact are grounded on the collective experience of many global practitioners and experts, international academic evidence on what effective funders and social purpose organisations look like and SVA’s own experience in Australia over 15 years. Developed specifically for the social sector, the SVA Fundamentals for Impact are differentiated from other organisational effectiveness tools. They recognise that effectiveness in this sector is determined by more than just internal capability and must also value being client centred and having a clear engagement with the ecosystem in which it operates. In all, there are 15 organisational characteristics that SVA believes – and the evidence shows – are important for effectiveness. Find out more.
Are you a charity, social enterprise or organisation that would like to know more about social investment, meet social investors and hear from other organisations that have used social investment to sustain or grow their organisation? Event opportunity in December.
"Following a number of corporate financial reporting failures in the early to mid-2000’s, the International Organization of Securities Commissions (IOSCO), t h e Basel Committee on Banking Supervision (BCBS), the European Commission (EC), the Financial Stability Board (FSB), the International Association of InsuranceSupervisors (IAIS), and the World Bank Group (WBG), have joined together to advance the public interest in international audit standard-setting and audit quality. This group has worked with the International Federation of Accountants (IFAC) with the objective of restoring confidence that standard-setting by IFAC’s independent boards is responsive to the public interest." Document open for consultations, see more here.
A social enterprise aimed at upskilling young people in creative digital skills has contributed £2.4m of social value to the local economy since its inception five years ago. SharpFutures, the social enterprise based at The Sharp Project in Manchester, supports young people into employment in the creative digital sector by offering a range of programmes including apprenticeships, work experience and volunteering. Read more.
Billions of dollars are now invested worldwide to create social impact as well as financial return. But with powerful new players such as Goldman Sachs and the Ford Foundation striding into this maturing market, will the sector’s original values be lost? María Raurell, a consultant with social value experts (and SVI network) Stone Soup Consulting, considers the way forward. Full article.
New approaches to strengthen and grow regional and remote communities are increasingly being explored. The success and sustainability of these approaches can be influenced by a community’s leadership capacity. In this article, SVA describe successful community leadership development programs through which governments, social purpose organisations and communities can help build this leadership capacity. Read more.
Community Opportunities
Events and Training
SROI Practitioner Training
- London, 13 & 14 December
- London, 23 & 24 January
- London, 21 & 22 February
- London, 7 & 8 March
- Manchester, 22 & 23 March
- London, 25 & 26 April
- London, 22 & 23 May
- Manchester, 13 & 14 June
- London, 26 & 27 June
- London, 17 & 18 July
- London, 19 & 20 September
- Manchester, 4 & 5 October
- London, 20 & 21 November
- London, 12 & 13 December
Maximising Value Training
Intro to SROI webinars
More information can be found on the training pages of our website, or by emailing Clare.
Events
- Let's Talk Good Finance - 7 Dec
- Practical Social Value - 8 Feb
- Bond Conference - 26 Feb
- Scotland's Housing Festival 2018 - 27 Feb
- Social Value Summit - 28 Feb
- National Housing Federation Conference - 14 March
- LGA Housing, Planning and Infrastructure - 21 March
- Responsible Finance 2018 - 21 March
- Sustainability Summit 2018 - 22 March
- Marmalade'18 - 9 April
- NCVO Conference - 16 April
- edie Live - 22 May
We are collating our events calendar for 2018, if there is an event you think our network should know about, get n touch.
Is there anything we've forgotten? Let us know any thoughts, feedback or content for the next newsletter by emailing Christina.
