Social Return on Investment (SROI) and Social Value are becoming important to measure, in particular validating the impact you said your business was going to make.

Trained through the New Economic Foundation and Social Value International, Chloe conducts SROI and Social Value evaluations and one is for an innovation accelerator to assess the impact made to businesses that attended the programme.

Using mixed methods methodology, in particular surveys, validated questionnaires, objective metrics and interviews, outcomes are measured for short, medium and long term impact, with a monetary value identified at the end through SROI (£1 in : £X in social impact).