SROI Social Firm case studies: MillRace IT and Pack-IT

In 2005 Social Firms UK and NEF worked together to carry out two SROI case studies on Social Firms, with phenomenal results:

Pack-IT in Cardiff (that has employees with learning disabilities) The projected SROI ratio for Pack-IT is 1.9:1. Thus, for every £1 invested, £1.90 of social value is created for each year for society in terms of reduced welfare costs and increased local purchasing. Although availability of comparable data for other Social Firms is limited, any return greater than 1:1 is a good result and argues for further investment. Read the full case study here for Pack-IT's SROI.

MillRace IT (that has employees and trainees with mental health problems) The projected SROI ratio for MillRace IT is 7.4:1. Thus, for every £1 invested, £7.40 of social value is created each year for society in terms of reduced health care costs, reduced benefit costs, and increased taxes collected. However, there are a number of other benefits, such as increased self-confidence of those recovering from mental ill-health that are not included in the analysis, suggesting that the social return calculations are likely to underestimate the true social value created by MillRace IT. Read the full case study here for MillRace IT's SROI.

   

   

Publication Details
Author: 
New Economics Foundation
2005