The Social Investment Business and The Good Analyst have created new online tools which will allow charities to better demonstrate their social impact.
Successfully showing the impact of an organisation is critical in receiving social investment. Despite this, a recent survey of over 1,000 charities and social enterprises revealed that 25% did not measure their social impact at all, as they lacked resources.
The new online tools provide an introduction to the principles of impact reporting, including useful hints and tips, and will help organisations planning to take on social investment identify the best way forward.
Jonathan Jenkins, Chief Executive of the Social Investment Business Group said: “Proving social impact is crucial to help us bring more investment into the sector to put to work in communities across the country. We know that lots of ventures are doing fantastic work but those better at evidencing their impact will increasingly look more attractive to investors.
“We have been making investments in impact-driven charities and social enterprises for over ten years and we know that support is critical to ensuring those investments are successful. As an engaged investor, we want to make it easy for those looking to take on social investment. That’s why we’ve worked with The Good Analyst to create some simple videos and case studies on evidencing social impact to help social ventures understand what investors want.”
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