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After 7 years at the SROI Network Karl Leathem, our Assurance Manager, is leaving. Karl has overseen assurance from the start of the network’s existence, and has contributed greatly to its development, from the initial idea of a peer review system to its current success as a formalised service. Thanks to Karl’s hard work with the assurance advisory panel and its assessors, the assurance service has resulted in some 80 Accredited Practitioners active in 12 countries We are grateful for all of Karl’s hard work in this area.
‘I will look forward to entering a new phase in my relationship with The Network, whose aims and ideals I am totally committed to and will continue to promote.
I’ve enjoyed working with others to create the assurance systems and as these are now well established, it’s a really good time for me to be thinking about new interesting and exciting challenges ahead
During my time in this role I have maintained a practical perspective by continuing to carry out SROI analyses. I feel I am moving forward with some considerable experience and knowledge of assurance and verification in the context of a current practitioner and I look forward to continuing to make a contribution to the effort to ensure that Impact Reports are believable and can increasingly be put to credible use for policy making and social investments.’
The Network will continue to provide assurance services , which will remain essentially the same. We will bring you further news about this in our next assurance round announcement.
We would like to thank Karl once again for his dedication and commitment to the network’s activities and its members.
Pier11 has become the latest organisational member to join the SROI Network (soon to be Social Value UK).
Pier11 Community CIC provides guidance and solutions to social enterprises, charities, community energy groups and housing associations. Based in Honiton, South West, Pier11 are interested in applying the principles of SROI when delivering social impact assessments for clients who are seeking funding, or have been funded, on the Social Stock Exchange (SSE).
James Hallsworth, Director of Pier11, said “I am delighted to be involved with the SROI Network. This is an opportunity to partner with an organisation that has an established history in the industry, and that we can proudly associate with.”
The SROI Network, soon to be Social Value UK, are very pleased to welcome Pier11 and look forward to working with them to support and promote the measurement and management of social value.
- ENDS -
James Hallsworth, Director, Pier11
Helen Campbell, Communications and Membership Coordinator, The SROI Network:
About Pier11 | www.pier11.co.uk
Pier11 Community provides guidance and solutions to social enterprises, charities, community energy groups and housing associations. We can assist with defining the specific project requirements, strengthening the strategy and vision of the group and ensuring there is commercial viability. Funding and finances are a fundamental concern for any charity or social enterprise. We give advice on financing to support long term projects, including guidance on social impact bonds, development impact bonds and the social stock exchange.
About the SROI Network | www.thesroinetwork.org
Social Return on Investment (SROI) is a framework for measuring and accounting for the value created or destroyed by our activities – where the concept of value is much broader than that which can be captured by market prices. SROI seeks to reduce inequality and environmental degradation and improve wellbeing by taking account of this broader value.
The SROI Network, soon to be Social Value UK, is an international membership organisation with members in over 40 countries. It exists to support the vision of SROI through the formation of a collaborative network of individuals and organisations dedicated to the practice and support of SROI.
The membership comprises business advisors, academics, funders and individuals representing organisations across all sectors. All members want to inﬂuence change through their work; practicing SROI, creating national networks, developing the methodology and gathering examples of SROI and how it is being used.
The SROI Network has teamed up with WINGS to find out the current state of impact measurement in philanthropy.
So if you're a foundation or a private social investor, we want to hear from you!
The aim of the survey is to discover what current practices exist in the field, and identifying needs and how we can support the sector to improve.
So please help us by completing our brief survey:
The deadline for this survey has been extended to the 10th April 2015.
The survey should take 10 minutes to complete, and the results will be disseminated in report.
We’re trying to measure the impact of SROI at this crucial stage of our organisation’s history, as we transfer to becoming Social Value UK.
To do this, we need you to complete a survey – it shouldn’t take any more than 5 minutes, and you’ll be helping us to improve our awareness of how our network, and SROI as a whole, is affecting the world. You will also be entered into a prize draw to win a year's free membership!
This is a follow up survey to one completed in 2011 by our members Hall Aitken, and will enable us to track any progress and look for areas for improvement.
The closing date is Friday 27th March.
Thank you in advance,
Communications and Membership Coordinator, the SROI Network
The SROI Network (soon to be Social Value UK) and HACT are very pleased to publish a ‘linkages paper’ that sets out the relationship between Social Return on Investment (SROI) and HACT’s Social Value Bank (and accompanying tools the Value Calculator and Value Insight).
HACT is a social enterprise-based ideas and innovation agency for the UK housing sector. In 2014 HACT launched the Social Value Bank - the largest set of methodologically consistent social value metrics ever produced including 636 wellbeing valuations. HACT have developed the Social Value Bank in partnership with SImetrica, a research consultancy led by Daniel Fujiwara, an economist specialising in policy evaluation and social impact measurement.
This paper has been produced in collaboration between The SROI Network and HACT and aims to clarify some small areas of divergence and promote the strengths of HACT’s resources and their compatibility with the SROI approach to measuring and managing social value.
CEO of the SROI Network Jeremy Nicholls said: “I’m delighted we have been able to produce this linkages paper together. It is an important document that will help people to understand how HACT’s fantastic resources can be aligned with the principles of SROI.
HACT’s resources will help organisations use valuations (of social outcomes) to make decisions about resource allocation. This is a big step forward.”