Sean Dennis, Managing Director, Capitalise Business Support (CBS), Hastings ( A Community Development Finance Institution (CDFI) ) Member of the CDFA Board & Jim McLoughlin, Babak Sodagar, Dr Jaime Kaminski CUBIST Research Group (Socio- economic impact research) The Business School , University of Brighton Applying the SIMPLE method of impact measurement {SIMPLE = Social Impact for Local Economies} Project funded by CDFA Step Change & University of Brighton, Commercial Activation Fund Economic & Social Impact Measurement and CDFIs - The CBS Experience EMN & CDFA Conference, London, June 2010
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Sean Dennis, Managing Director,
Capitalise Business Support (CBS), Hastings
( A Community Development Finance Institution (CDFI) )
Member of the CDFA Board
&
Jim McLoughlin, Babak Sodagar, Dr Jaime Kaminski
CUBIST Research Group
(Socio- economic impact research)
The Business School , University of Brighton
Applying the SIMPLE method of impact measurement
{SIMPLE = Social Impact for Local Economies}
Project funded by CDFA Step Change
& University of Brighton, Commercial Activation Fund
Economic & Social Impact Measurement
and CDFIs- The CBS Experience
EMN & CDFA Conference, London, June 2010
Policy & Sectoral context for UK CDFIs
◦ Impact measurement as a strategic priority
CBS: A pilot project on impact measurement
◦ Brief introduction
◦ Project objectives
SIMPLE Impact Measurement Model: An Overview
Emerging Impact measures from CBS project
Future direction?
Overview of the Session
Recommendation 1: Continue public sector
support to CDFIs
Recommendation 4: The sector, led by the
CDFA, should continue to support the
development of social impact methodologies in
partnership with national social value initiatives
and to evidence the full value of its activities.
Source: GHK Report, March 2010
Enterprise CDFI
Aims & rationale:◦ Improve impact measurement
◦ Better demonstrate our impact
◦ Are we delivering our Mission Statement?
◦ Future funding & support
◦ Potential product to support the sector?
Applied SIMPLE (Social Impact for Local Economies) Model ◦ A strategic approach to impact measurement (McLoughlin et al, 2009)
CBS – Measurement Development & Embedding processes ◦ Planning & briefing on CBS context and sectoral needs◦ In-house facilitated workshops with CBS staff team by Cubist Group◦ Stakeholder engagement◦ Ongoing learning, review and amendments◦ Development of measures◦ Follow up testing of measures with key stakeholders/experts
The SIMPLE Impact Measurement Method- Applied to CBS
Scope It
Map It
Track It
Tell ItEmbed It
Embed It
The SIMPLE Model: a 5 step approach
SIMPLE = Social Impact for Local Economies
Source: McLoughlin, Kaminski, Sodagar, et al (2009)
The SIMPLE Impact Model &The quadruple bottom line (4BL) - Summary version
EMBED IT
Process change
Process change
Process change
Process change
SCOPE IT MAP IT TRACK IT TELL IT
External
Drivers
Stake
holders
Internal
Drivers
Mission/
Values
Drivers
Activities
Financial
Social
Environmental
Economic
Financial
Social
Environmental
Economic
Strategic Review
Source: McLoughlin, Kaminski, Sodagar, et al (2009)