Local economic impact

Important to Plus Dane Group and / or the sector?

4 July 2012

Three questions

Extent to which local economic impact assessment an important determinant of business strategies?

How is Plus Dane considering local economic impact?

Measurement and evidence of investment decisions by Plus Dane

Economic impact as business strategy determinant?

• Answer is, it depends!• We are not one• Depends on the

housing organisations:– Sense of purpose – Heritage– Structure– Operating environment

How is Plus Dane considering local economic impact?

• Mission• Vision• Promises• Values

Measurement and evidence of investment decisions by Plus Dane

• Approach considers decisions from number of positions– Aspects of:

• Partner contribution

• Physical impact

• Economic impact

• Wellbeing impact

– Levels of impact on:• Place

• Service

• Individual

we are a Neighbourhood investor

SO WHAT?

At Plus Dane we do 3 things

Enterprise – can residents access opportunities/ afford to stay? Neighbourhoods - are residents choosing to live here?Homes - do we deliver good value and decent homes?

To answer the So What? questionwe measure 3 things

In 2009 we were spending 60% on Running the business and 40% on doing the business

By 2012 we spent 40% on Running the Business and 60% on doing the business

Ni Value Running and Doing measurement and evidence of investment decisions

Ni Social Return Example: Social Return Measurement and evidence of investment decisions

L8 ‘Joined Up’ Youth Program• 1,763 Young People engaged• 1,200 Parents/Guardians engaged• 1,400 hours youth work delivered

p.a.• 50% reduction in reported

nuisance • 64% reduction street drinking• 34 new voluntary youth workers

appointed

Ni Social Return Example: Social Return Measurement and evidence of investment decisions

Include Environmental Services (INES)• 171 trainees, 2,565 training hours, 400

qualifications in 10 years

• £374,400 benefits saved and £1,307,124 additional salaries in INclude area

• 76 derelict sites improved/maintained, 30 community land projects, 100 gardens back into use, 472 tons waste removed and 80% recycled

• £1.56 social value for every £1 spent

Ni Impact Example: Measurement and evidence of investment decisions to partner in a place

Beautiful North• Invitation from Local Authority • 3 wards in North Liverpool• 40+ private, public and community

organisations collaborating• Work to mandated leaders• £400 million collective spending

power• 300 volunteers• 80+ staff / One Team • 8 work streams each led by a

different organisation• Tracking IPPR local indicators

Ni Impact Example: Measurement and evidence of investment decisions to partner in a place

Beautiful North – 1 year in

Plus Dane spent £17k on environment year 1 – shared programme now valued at £1.9M

Residents led solution to ASB

Pooled Youth Budget 30% more for 30% less

Private sector creating local jobs e.g. 20 young unemployed people now working for LFC

North Liverpool – Show Your Beautiful Face - campaign by Aurora Media / Giants to North Liverpool attracted thousands of new visitors

It’s Football improvement district for regular 40,000 visitors to Liverpool and Everton

Community Car Park on derelict land made £56,000 for reinvestment year 1 and employed 8 local people

In summary the three questions were

Extent to which local economic impact assessment an important determinant of business strategies?

How is Plus Dane considering local economic impact?

Measurement and evidence of investment decisions by Plus Dane