New report shows hidden value of women’s organisations
A new UK report reveals that between £5 and £11 worth of social value is generated on behalf of women, their children and the state, for every pound spent on women’s organisations.
The research, funded by Trust for London, was compiled by the Women’s Resource Centre (WRC) over a two year period and published in the resulting report – Hidden Value.
Working with five London-based women’s organisations, the WRC found that by supporting women into employment, assisting women affected by violence and even preventing suicide, women’s organisations consistently save money for local communities and the government.
The researchers used a Social Return on Investment (SROI) analysis on the data gathered. This method measures the social, environmental and economic value created by activities and interactions.
Hidden Value refers to the findings as “a wake-up call” and argues that the government needs to develop a much better understanding of the incredible value of such specialist services.
Vivienne Hayes, Chief Executive of the Women’s Resource Centre said that the research shows, for the first time, the undeniable cost of not funding women’s services.
Anne Wilding, Project Manager for Heba Women’s Project, one of the organisations used in the research, said:
“This research project allowed us the space and expertise to really dig deep into the important work we do and show that the work we provide is both essential for women’s wellbeing and true value for money.”
You can read the full report here.
For more information about the SROI method, see the new economics foundation’s guide.