Publications from ODSW Social Insights: Letters by DSW (Vol 2) | Page 111

Practice Issues Dear Social Service Practitioners, Social Return on Investment Put simply, social return on investment is an approach to understanding and managing the value of the social, economic and environmental outcomes created by a social programme. It should not be used in relation to a short term activity or a cluster of activities that are not strung together by a logic model. Social return as a concept is based on a set of principles within a framework. It seeks to include the values of people and attempts to factor them into resource allocation decisions. It acts as “a voice of the people who are not included in the typical business oriented framework”. In some social work settings, it is the voice of the clients. Social Return and Impact Social return is often discussed in relation to impact, so let’s see what we mean by impact. Impact is often used in the following ways: • Impact is sometimes used to describe all the results achieved by a social programme, that is: its outputs (the products and services it delivers) and any of the resulting changes or effects. • For others, ‘impact’ is used to refer to any changes or effects resulting from a social programme’s activities, and ‘outcomes’ are seen as part of the impact. The terms may be used interchangeably. • Others make a distinction between outcomes as the more direct benefits or effects of a project or programme, and impact as the wider and often more long-term consequences for the social, economic and physical environment. Measurement of social value Social return in the context of social programmes is at best a story and less a number. The story is an attempt to show and prove how we create a value. As with any value, it is difficult to quantify and even more difficult to measure. 110