Consultancy

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Business advice and support

3rd Sector Futures can provide business support and advice to community and voluntary organisations and social enterprise through our two SFEDI qualified business advisers, SFEDI is the government recognised not for profit standards setting body for business support. Whatever stage you are at from developing and planning your new enterprise to start up and helping you grow your enterprise we can help.

If you would like tailored business advice from the 3rd Sector Futures team, contact us.

Social Return on Investment (SROI) Analysis

We have recently supported five social enterprise/charities to complete Social Return on Investment analysis.

SROI provides a comprehensive framework for measuring and accounting for the broader concept of value of a project or activity by incorporating social, environmental and economic costs and benefits. The SROI process gives a monetary value for all outcomes. This enables a ratio of benefits to costs to be calculated. For example, a ratio of 3:1 indicates that an investment of £1 delvers £3 of social value. This can be very powerful tool for a third sector organisation to have to demonstrate to a funder a case for continued investment.

It is often used to enable organisations to observe and measure what particular activities and services generate high and low value outcomes. Using this information organisation's can allocate funds in a more informed way. Organisations will be able to focus resources to where high value outcomes are anticipated taking into account all stakeholders (including funders).

For more information on how 3rd Sector Futures can help you with a Social Return on Investment please see the attached flyer.