- What is SROI?
- SROI Analysis
We’re very excited to announce that SIAA and The SROI Network are coming together to form Social Value International, the largest international social value network in the world. For the next few months, we are undergoing a transitional period in which our activities will be changing – however, it will still be possible to join the networks, come to events and participate in training courses. For more information about the collaboration, see our press release here.
We are a leading international social enterprise, owned by our members with the aim of changing th
e way society accounts for value.
SROI is a framework based on social generally accepted accounting principles (SGAAP) that can be used to help manage and understand the social, economic and environmental outcomes created by your activity or organisation.
SROI will help you understand, manage and communicate the social value that your work creates in a clear and consistent way with customers, beneficiaries and funders.
It can help you manage risks and identify opportunities and raise finance.
It will throw up potential improvements to services, information systems and the way you govern you businesses.
All in order to increase the social value or impact of your work.
Whether you are a private enterprise, a social business, an investor or commissioning services, SROI will help you account for the wider impact of your work and allow you to make more informed decisions.
Because SROI is built on principles, it is very flexible. Different organisations create value in many different ways. A consistent approach to understanding and accounting for social value means that you can communicate clearly where and how you create value in a credible way.
SROI can help you plan. By forecasting the value you expect to create using SROI, you may identify areas where you need to change, often in the way you collect information. Improving the information you use to report performance and being able to compare performance against forecasts will help you create more value.
Read on for some real life examples of how SROI has helped people:
"Excite-ed wanted to scale-up and grow, so were looking to engage in further social impact investment. We therefore commissioned an SROI report because we thought it would be useful to be able to evidence our impact to potential funders; we've found the process incredibly useful, and still use it extensively in bid writing."
Julia Bateson, Excite-ed
Members of the SROI Network (soon to be Social Value UK) can be either individual members or organisational members.There are two levels of organisational membership depending on the level of turnover.
Membership for individuals starts from just £60. Find out about all the benefits of joining the SROI Network (soon to be Social Value UK) on our member benefits page.