Provide an outline of how social impact will be measured. Include a critical review of which measurement approach will be selected and why.

Housing Social Venture

Description

Our Group is creating a New Social Venture for the Housing Crisis in Australia. The social issue is lack of housing, homelessness, affordability crisis, with impacts from covid-19, and to tackle this issue, we have introduce an enterprise to bring affordable repairs to and maintenance to derelict and unsafe housing situations.

1. Operations of the Social Venture – Provide an overview of the activities that will be performed to generate value. This will also include the geographic location of the social venture, the ventures facilities and equipment required. A high-level timeline of critical events can be included.

2. Social impact measurement – Provide an outline of how social impact will be measured. Include a critical review of which measurement approach will be selected and why.

Do not prepare a full SROI. This will be a forecast SROI and will be used for your venture plan to explain to your audience how you would undergo social impact assessment.

Key elements you should include are:

• Stakeholders who will be engaged – ensure you explain why these have been selected

• Inputs from each stakeholder and your own organisation

• The outputs your venture will produce

• Expected outcomes

• Potential impact

• Financial proxies which could be employed

• Do not include elements such as deadweight, attribution and displacement

3. Conclusion – Summarise the key elements

4. Reference (not included in word count)

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