[cma-l] Government to fund social return standard

[CMA-L]

From Third Sector Online:

The Government is to spend about £350,000 on developing a standard for
measuring social return on investment, third sector minister Phil Hope
will announce today.

The project will help charities and social enterprises prove their
social value to potential public service or private investors, said
Hope, speaking to Third Sector before his announcement at today's Good
Deals conference on social investment.

The three-year funding will be used on events and research intended to
develop "greater consensus and standardisation" in the measurement of
social impact. The OTS will also work to promote an understanding of
social reporting in other Government departments, and among grant
funders and social investors, Hope said.

The research will be of particular interest to supporters of a
proposed social stock exchange, which relies on social businesses
being able to accurately assess their value in terms of both financial
and social return.

Individual investors or venture philanthropists will also be able to
put a precise value on what their investment has achieved as a result
of the scheme.

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