Benefits

Many not for profit organisations - whether involved in asset development and transfer or not - have been encouraged by statutory agencies and funders to consider the impact and value of what they do, and be able to provide evidence that supports their claims.

The benefits are generally described as:

  • Being able to report on performance to all stakeholders in the organisation and the wider community in which they operate.
  • To provide information that assists in the planning of future action and improving performance.
  • To enhance the evaluation activity that an organisations undertakes of what it does, since the measurement of impacts will also embrace unintended outcomes and a wider range of external views of the organisation and what it does.

The methods that exist to measure impacts have a lot in common. Some share common roots in cost benefit analysis and triple bottom line accounting (thinking about the social, economic and environmental impacts of what companies and organisations do). Some originate from the importance of community development and involvement of service users to enable their needs to be met appropriately by service providers.

The New Economic Foundation has identified a number of measurements of impact that can be used by organisations that want to demonstrate their impact in order to make a case for an asset transfer to owners and investors. For a full list of all the methods they have identified click here to access a copy of NEF’s “Tools for You”.