SROI and Value for Money (VFM)

Applying a variety of economic methodologies such as Social Return on Investment (SROI).

At Just Economics we have supported the development of the SROI methodology and have been applying it to a range of social issues over the past decade. This has included co-authoring the official Cabinet Office guidance on SROI and providing assurance and methodology support to Social Value UK. We have a bespoke approach to conducting SROI and tailor each analysis to the research aims and data availability.

We also work with wider economic methodologies. This can include more generic value for money studies or valuing the social, environmental or economic costs of a good or service. 

Related projects

Toddler
Breaking Point: An analysis of the impact of budget cuts on children's services in Ireland

In March 2019, Barnardos commissioned Just Economics to undertake research on the impact of the current funding environment on their services. This report formed the basis of Barnardos 2020 budget submission. It describes how a constrained funding environment is rapidly becoming unsustainable for organisations working with children and families. It sets out the costs to society of historic underinvestment and the impact this had on societal outcomes such as health, crime, well-being. An index of these outcomes shows how Ireland is second from the bottom in a sample of European economies.  The report sets out a series of recommendations to strengthen Barnardos sustainablity and, in turn, their ability to meet needs within their communities. 

Clever Cogs
Living Digitally: an evaluation of CleverCogs

CleverCogs™ is a digital care and support system developed by Blackwood Homes and Care. It was designed to increase digital participation in adults receiving care and support packages and enable increased use of technology enabled care. Just Economics was commissioned by Carnegie UK Trust to carry out a mixed methods study to measure changes in outcomes for customers before and after the introduction of the technology. The linked report sets out the key findings from the evaluation. The full evaluation report is available on request.

Cereal
Corn Fakes: The social and economic costs of the removal of micronutrients from Kellogg’s cereals

Since 2013, there is evidence that Kellogg's has been removing key mirconutrients from its breakfast cereals in Mexico. This report makes an economic assessment of the savings to Kelloggs and compares this to the cost to the health, well-being and development of Mexican society. It estimates that Kellogg’s saved $85 million USD over five years from this practice, whilst the minimum cumulative social cost to Mexico for the removal of just three key nutrients will be $250 million USD over five years. This means for every dollar that Kellogg’s saves by de-fortifying cereals it destroys at least three dollars in value to Mexican consumers. The report discusses the implications of this for Mexican society.

Focus areas

Our client base ranges from local charities to public sector bodies and global corporates. We apply our expertise to key focus areas that our team are passionate about.

Who we work with

Client Logo The Scottish Government
Client Logo British Telecoms
Client Logo Ucd
Client Logo Microsoft
Client Logo Cabinet Office
Client Logo Amnestry International
Client Logo University Of Maynooth
Client Logo Focus Ireland
Client Logo Womens Budget Group
Client Logo Iied
Oecd
Finnfund
Cmf2
Taoiseach Office