Social Return on Investment
Measure the wider social impact of arts education and cultural learning projects, activities and events.
By looking beyond outputs and capturing the real-world value of our work - such as improved wellbeing, increased confidence, and stronger communities - we can demonstrate the genuine return on investment in the work that we do.
Using recognised metrics and robust methodology, the Social Value Engine enables us to put a tangible figure on the difference we make, helping to build stronger cases for funding, influence policy, and even greater momentum for meaningful, lasting change.
Social Return on Investment is a framework for measuring and accounting for a broader concept of value. It measures change in ways that are relevant to the people or organisations that experience it. It measures social outcomes and uses monetary values to represent them.
This can help you to show a ratio of the benefits of your arts education benefits to the cost. For example, a ratio of 3:1 indicates that an investment of £1 in a project delivers £3 of social value.
Curious Minds can help you to calculate your Social Return on Investment (SROI) using the Social Value Engine methodology and tools. Social Value Engine is used by over 120 local authorities and VCSEs.
Curious to know more?
If you’re keen to learn more about how Curious Minds can help your organisation tell its story through robust evidence of impact and outcomes, we’d love to hear from you!
Our Head of Impact & Evaluation, Steph Hawke is happy to speak with you about how we can work together.
