Evaluation & impact assessment

We help organisations to prove and improve the value of what they do to drive stronger decision-making and deliver better outcomes for their customers, clients and communities.

We draw on the following tools and approaches when evaluating and assessing impact:

Social Return on Investment (SROI)

SROI was developed by NEF (New Economics Foundation) in the early 2000s to bring broader social and environmental value into decision-making.  Developed from traditional cost-benefit analysis and social accounting, it is an analytic tool for measuring and accounting for a much broader concept of value by placing all impacts in financial terms.

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Outcomes Evaluation

Outcomes evaluation is about measuring the actual change that has occurred, from a specific activity, on a range of stakeholders based on the principle of measuring what matters to stakeholders.

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Social Cost-Benefit Analysis (SCBA)

Cost-benefit analysis (CBA) is the most common mainstream approach to project appraisal. Social and Environmental CBA introduces the concepts of social value and/or environmental sustainability into the balance sheets of cost-benefit models. This is particularly useful for projects, programmes or policies that have both socio-economic and environmental components. 

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Multi-Criteria Appraisal (MCA)

MCA is an appraisal technique that accounts for the role of economic, social and environmental factors in decision-making. Unlike CBA or SROI it does not require the monetization (monetary valuation) of social and environmental outcomes.  It highlights trade-offs among competing interventions, competing interests at play, and competing objectives (social, economic, environmental).

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Local Multiplier 3 (LM3)

LM3 was developed by NEF (New Economics Foundation) as a simple and understandable way of measuring local economic impact. It is designed to help people think about local money flows and how their organisation can practically improve its local economic impact, as well as influence the public sector to consider the impact of its procurement decisions.

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Prove and Improve Toolkits

NEF Consulting offers tools and resources that can be used by charities,  social enterprises and others to prove and improve the quality and impact of their organisation and projects.

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