Local Food Social Return On Investment Report
The Local Food Social Return On Investment Report is now available. This is based on work done for the Big Lottery Local Food programme. Anyone looking at the impact of local projects may find this of interest.
In March 2013, the Countryside and Community Research Institute (CCRI) from the University of Gloucestershire were commissioned to undertake an assessment of the Local Food programme. They used the Social Return on Investment (SROI) framework. This is an established methodology recognised by the Cabinet Office that has been developed from social accounting and cost-benefit analysis.
In SROI, monetary values are used to represent outcomes. This enables a ratio of benefits-to-investment to be calculated and the amount of social, economic and environmental value created for every £1 invested in the programme. Professor Paul Courtney from the University of Gloucestershire presented the initial results to 130 delegates at the Local Food Celebratory Event in November 2013. CEA have worked with Local Food for the last four years and facilitated the November event.
The findings suggest that every £1 invested in Local Food returns £7 to society in the form of social and economic outcomes including health and well being, training and skills.