In the last 12 months there has been a focus on the value of social enterprise, much has been said about the numbers of this and the amount of that. Certainly, that is one way of looking at its value, but by peeling away the layers of numbers, we uncover the true value, its impact.
The value of social enterprise is the positive difference and almost immeasurable impact that it has on the lives of people and their communities. It is about the jobs created and volunteering opportunities, the essential services that are key to people’s very survival and the confidence that it gives people to thrive, no matter what their life chances dictate.
At Resilient Scotland, we are of course, pleased with the number of investments that we have made and the value of our loan book, but really we are proud of the impact that our investees have been able to make as a result of our support and investment. Our investees tell wonderful stories of what they have achieved and the difference that they have made. Much of this has been made possible by the right type of investment at the right time in their development.
Over the coming years we want to be able to say more about the difference that is being made and it is for that reason that we have developed our new social impact framework, taking learning from colleagues at Big Society Capital. We hope that by using this our investees, will be able to detail their impact and not be overburdened by reporting.
I believe that people try to do their best, try to live by their own values, well if these are as strong as the values heralded by social enterprise then we won’t go far wrong.