Importance of SROI Print E-mail
Wednesday, 24 February 2010 12:13


Use of SROI is not just for the 'traditional' social enterprise sectors such as employment or poverty but is often being applied now by arts and culture organisations. With government funding being cut there is increasing competition for funding and a good SROI analysis can be a strong indicator of success. As social enterprises are created to solve or usually alleviate a social problem, therefore actual impact is critical. But in many cases measuring an impact particularly those involved in human beings is difficult - when do we take the impact point? For example if the impact is in young people when do we measure the impact? This leads to a mixture of impact measures some of which may not be possible to be communicated in mere numbers.

One of the aims of this blog is to disseminate thought leadership, practical examples and information about the sector. We will be concentrating on SROI in the coming months in particular, as its use will be a critical development across the sector in the coming months and years.

 
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