About This Report:
Principles of SROI were used to evaluate the impact of the 2012/2013 Innovation Fund. Two projects, Opening Doors and Employment Solutions, were able to evidence their impact through SROI. The evaluations calculated that both projects created approximately £10 for every £1 invested. The outcomes that created the most value for Opening Doors were:
- Meeting other people and using their skills enables older people to feel appreciated, useful and better about themselves
- Making local networks and feeling positive makes them feel more part of their community
- Reduction in cost of hospital admissions
- Reduction in cost of social care agencies
The outcomes that created the most value for Employment Solutions were:
- Increased income and reduced DWP payments through supporting young people into employment and self-employment
- Value to young people of being supported into volunteering
- Value to young people of increased aspiration and motivation
For more information please contact:
Joëlle Bradly
Research and Insight Team
Leicestershire County Council
Tel: 0116 305 5883
Email: joelle.bradly@leics.gov.uk