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.
When I married my husband, who’s in the army, I’d had a career and experienced life outside the military community. All of a sudden, I was meeting wives and partners with all this talent and yet they had given up so much.
Julie Hawker is Joint Chief Executive of Cosmic a social enterprise which is very highly regarded for its work in addressing digital inclusion as a priority. Cosmic work in partnership with organisations locally in the South West and across the UK.