First, let’s start with a quick definition of a social enterprise – as this will help to answer the question about how social enterprises make money. It’s a business that has a social purpose, reinvesting its surpluses to support its social purpose.
You asked, so I’ll answer – How do social enterprises get funding? For a social enterprise the ability to obtain funding depends on what legal structure they have. If you […]
Technically, any figure over £1 is a good social return on investment figure because it means that you are generating more social value than it is costing you to deliver the project, services, or activities.
If you are producing a SROI report you will need to find financial proxies to assign values to the outcomes you achieve, in order to calculate your social impact and provide a monetary value for every £1 you spend on that service, activity or project.