"A recent report sponsored by The Social Investment Business, and The City UK – “Making Good in Social Impact Investment- Opportunities in an Emerging Asset Class” also suggests organisations “measure what is important” in their quest for investment.http://www.socialinnovationeurope.eu/node/2557
At the recent Labour party conference, leader Ed Miliband stated that businesses who deliver long term social value should be rewarded.
On the back of all of this, people are now beginning to recognise a need to incorporate and understand a broader concept of value – social, economic and environmental value from a stakeholder perspective, to give a fuller picture of how value is created and destroyed. In addressing this need, we must begin with a set of principles."
This is an article which I found when researching the Social Return on Investment structure. The reason why i am researching this particular topic is because on the surface it looks to be a positive framework which should allow companies to tackle issue which do not have a tangible profit return ie making more money.
However this structure has hindered the progress of Chickenshed Theatre Company's "Crime of the Century" which is an anti-gang violence piece. This is because to create this model to give to investors to tell them how society will save money in the long run is a very long and ironically enough- an EXPENSIVE process. The time in which it takes to complete this model and tell investers how every £ which they have been given will be given out is a very hard task to make.
I haven't completed my research yet- but from a possibly ignorant view point i cannot see the sense in this model. How can you prove that a child has been effected by a workshop process and then therefore will not turn to knife-crime violence or murder in the future?
I can understand why it is possibly needed- but with the result of knife-crime murder being 70% likely to end in death of the removal of a limb- it seems like society- more directly investors with money to help the issue- should just watch the process and decide if it is one they would like to invest in
BUT TIME IS MONEY! and most people have too much money but little time!
so Social Investment on Return Policy is the way it is at the moment!
