05.08.08
UK Continues to Support Social Capital Markets: New Efforts Aimed at Developing Standard Metrics of Social Return
The UK government continues to support its third sector and the development of a more robust social capital market by announcing it will fund new research exploring possible “standards” of how social return on investment (SROI) is measured. This project will include members from the public sector, social enterprises and investors and will research how to develop a standard methodology for measuring SROI (placing a financial value on social benefits). This newest effort builds upon its earlier announcements of support for new initiatives in social capital markets - including a social stock exchange and a social investment bank (Ron Cohen recently launched the Social Investment Bank - called Social Finance - and the Social Stock Exchange team (led by Mark Campanale and Pradeep Jethi) are capitalizing on their recent seed funding from Rockefeller Foundation to conduct critical research on social enterprises and investors, as well as assessing market interest and looking at the scale of potential social impact.
