How to implement impact and social value in your organisation

Description

How do you measure the value your enterprise brings to society?
It is hard to demonstrate value or set performance measures for intangible successes. It’s hard to prove to potential funders and stakeholders that your enterprise is a viable investment when your main metrics of success don’t involve measurable and comparable figures but are based on less tangible outcomes like improved wellbeing. Furthermore, how do you improve your enterprise’s offer if there’s no measure?

Social return on investment (SROI) is the methodology for evaluating social impact and quantifying that value in a monetary term. Essentially, it’s about understanding (the sometimes hidden) benefits to society that your enterprise can bring through its activities.

In partnership with Cornwall Rural Community Charity (CRCC), we are providing practical help to support enterprises to measure their SROI through a FREE two-day in person workshop.

The first day looks at the theory of impact and SROI, while the second day focuses on the practical application of these theories to the enterprise using a digital online SROI tool.

At the end of the workshop, you will come away better equipped to demonstrate impact and social value to help win new funding applications/contracts and to expand activities to be sustainable and generate income.
  Discover how to measure your impact, tools to calculate SROI, proxies and other key terms.
Hear from experts about methods for measuring impact using Theory of Change/Logic Models.
Understand how measuring the social impact of your projects/services can help the growth of your enterprise and stakeholder engagement.
Be part of the conversation, meet and work with peers, develop your network, access sector experts and take part in practical activities including using a digital online SROI tool.

These workshops will be most beneficial for eligible enterprises who are:

• Already collecting user feedback about their projects/services.
• Keen to understand the best time and how often they should be collecting user feedback.
• Want to know which methods and tools they can use to demonstrate impact and social value.
• Aiming to improve health, wellbeing and improvements to the community.

Register here: https://0401SROI.eventbrite.co.uk

Empowering your growth journey
From idea, to launch, to long term sustainable growth, EVOLVE FUTURES, designed and delivered by the University of Exeter, brings you together with commercially experienced sector experts, world-class researchers and facilities and a support network of peers and mentors. Access opportunities to extend your knowledge, skills and real-world business expertise that will support your start-up or growing enterprise.

The Evolve Futures project has lots of events and workshops coming up.  You can subscribe to our Eventbrite page if you would like to be kept up to date.

EVOLVE FUTURES is funded by the UK Government through the UK Shared Prosperity Fund. Cornwall Council has been chosen by Government as a Lead Authority for the fund and is responsible for monitoring the progress of projects funded through the UK Shared Prosperity Fund in Cornwall and the Isles of Scilly.