Inspira 2014 Attempting to Measure

Social Value

National Careers Service

National Citizen Service

Wheels 2 Work

Youth Work & Risk Taking

BehaviourEmpowering Families

Targeted IAG &

Tracking

New Beginnings

Youth Contract

Ready for

WorkSkills

Funding Agency

Cumbria County Council

Children in Need

Cheshire East

Council

District Councils

Sellafield Ltd

Department for Education

Schools and

Colleges

Career Advice for

Young People

Arts Council

Department for Work & Pensions

Digital Arts

Varied programmes and services that help people to develop their potential and progress in life and work, delivered on behalf of a range

of local, national, public and private customers.

Measuring Social Return on Investment

in our Services

• How much does each X cost to deliver?

• How much would it cost if an X wasn’t delivered?

• Who meets the cost of failure to deliver an X?

• Where do you stop?

• Who pays versus who benefits?

• How do you calculate ‘soft’ outcomes in £s?

Example: the cost of NEET 16-18

University of York 2013, on behalf of NAO:• At least £12 billion

public finance cost• At least £22 billion

‘resource cost’• 209,196 NEET at time

of research• Therefore c.£163,000

cost per person

Example: the cost of preventing NEET 16-18

• CCC IAG contract = c.£420 per person

• Plus match from other sources…

• Inspira spends up to c. £1,000 per person preventing NEET

• A potential SRoI of £163 for every £1 spent?

Other Ways to Measure the Social Value of the Enterprise

• Generating (and retaining) economic activity in the community

• Providing development opportunities e.g. Graduates, Apprentices

• Environmental responsibility

• Levering additional resources

Inspira 2014 Attempting to Measure

Social Value