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Date: 2024-05-27 Page is: DBtxt003.php txt00009890

Initiatives
SROI evolves into Social Value Network

For organisations, measuring and managing social value means: ... Benefits of Social Value Principles

Burgess COMMENTARY

Peter Burgess

For organisations, measuring and managing social value means:

Benefits of Social Value Principles

Whether you are a private enterprise, a social business, an investor or commissioning services, these Principles will help you account for the wider impact of your work and allow you to make more informed decisions. You can download our Principles booklet to find out more.

One advantage of a principle based approach is that it is very flexible. Different organisations create value in many different ways. A consistent approach to understanding and accounting for social value means that you can communicate clearly where and how you create value in a credible way.

'Excite-ed wanted to scale-up and grow, so were looking to engage in further social impact investment. We therefore commissioned an SROI report because we thought it would be useful to be able to evidence our impact to potential funders; we've found the process incredibly useful, and still use it extensively in bid writing.'

Julia Bateson, Excite-ed

Do you want to change the way society accounts for value? Do you believe that social value should be as, if not more, important than financial value?

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