Value for money
Documents to identify Best Value for Money
Is Best Value Good Value? Why public sector commissioning isn't producing better outcomes
In 2007 the Finance Hub commissioned research to examine a number of issues in third sector funding, including the decline of local authority grant funding and the degree to which the funding sources currently available enable third sector organisations (TSOs) to invest in building capacity. This is the third of five briefing papers based on this work.
http://www.financehub.org.uk/uploads/documents/FH16_4_values_briefing2_199.pdf
Full Value
'Full value' is a way of thinking about and appreciating the broader worth of your organisation. Understanding full value can help all the players in public services focus on what matters. Useful information can be found at:
http://www.ncvo-vol.org.uk/fullvalue
LM3 Online
LM3 Online enables you to meet the primary challenge faced by the not-for-profit sector: deliver more for less.
Any not-for-profit organisation can use LM3 Online to show not only how important the money it already spends is to the local economy but also how to improve the local economy while spending the same or less money.
LM3 Online enables any organisation to measure its economic contribution by analysing any expenditure on any geographic area using current data. LM3 Online brings these benefits to organisations of any size by minimising the work effort required. Simply upload the spending data of the budget you wish to measure, such as a contract or company turnover, specify the target local area, and the system does all the surveying and calculations.
http://www.lm3online.org/
Value for money, efficiency and effectiveness...how can we prove it?
Social Return on Investment (SROI)
Social Return on Investment (SROI) is an innovative approach to proving added value for your project or service and acts as a useful management tool. Putting an economic valuation on social and environmental gains make theses benefits more visible to investors or funders.
www.thesroinetwork.org– tools to assist with SROI
www.neweconomics.org– range of detailed information
www.ces-vol.org.uk Information on monitoring and evaluation and outcomes assessment
www.proveandimprove.org - several tools and info on full cost recovery www.philanthropycapital.org-tools including information on full cost recovery
www.socialauditnetwork.org.uk – info on social auditing
www.peopleandparticipation.net/display/Involve/Home- information on engaging with conmmunities
www.accountability21.net – standard and manual on stakeholder engagement,
www.acevo.org.uk/index.cfm/display_page/FCR_3rdsec_tools - A guide and a toolkit on cost allocation
www.esf.gov.uk/_docs/July2006Rules_regs_-_Match_funding_trac.doc- information on valuing inputs
www.volunteering.org.uk- information on valuing inputs
www.statistics.gov.uk/pdfdir/ashe1108.pdf- information on valuing inputs
– information on “in kind” match funding
www.urban.org -outcomes framework for non-profit organisations
www.homelessoutcomes.org.uk – outcomes star
www.procurementcupboard.org - outcomes-focused commissioning model based on SROI principles
