Impact Measurement

Being able to explain your impact to funders – both in monetary and social terms – is essential. It’s likely they’ll want robust evidence of how your services or products create social impact – such as wellbeing, carbon reduction or local economic value. This is about gaining competitive advantage – additional reasons to choose your organisation.

We’ll work with you to assess where best to focus your efforts for maximum impact, based on evidence gathered from the audiences you serve. We’ll help you arrive at a set of metrics to articulate your impact, together with an overall Social Return on Investment (SROI) figure.

Framework Design

With our knowledge of over 12 social value methodologies, we blend approaches to arrive at a framework that allows you to report your social value consistently, year on year.

This means we’ll help you capture metrics that are meaningful to your business and stakeholders and aligned to recognised approaches.

Alignment:

To the National Theme and Outcome Measures (TOMs) for financial proxies
To the industry Social Value methodology Social Value on Investment (SROI)
To local value principles to calculate the retained economic benefit. (Local Multiplier)
To the United Nations Sustainability Goals

Outcome:

A tool that enables organisation to forecast/report that for every £1 invested into contract/business unit, there is, for example, a £4 return. This also defines the percentage and monetary value of retained economic benefit within the geographical areas.

Calculate

Forecast value of organisation’s commitment per contract/business unit.

Guide

The data and evidence required to capture and claim the greatest social value legitimately.

Report

Area of impact and value back to procurement/commissioning body/department.

Monitor

A dashboard that captures and provides insight into the live area’ areas of impact and value.

Measure your true value

Our partners at Impact Reporting share our ethos that it’s the outcomes that matter – not just the activities. Their software makes it simple for you to track and measure the true value of your social value approach – and to align it to any recognised framework.

As a client of SVB, you’ll benefit from a fully integrated approach to social value framework development, measurement and reporting, and save 10%.

Take a tour here

“We help organisations to measure what matters, and as a result be more credible, transparent and rigorous with their reporting.

“Because Social Value Business and Impact Reporting work across all recognised frameworks – from Local Multiplier and TOMs to Social Return on Investment and the Unit Cost database – we are not bound by the limitations of one approach.”

Matt Haworth, co-founder, Impact Reporting