London South Bank University (LSBU) is working with us in a Knowledge Transfer Partnership (KTP) to help the Trust gain a better understanding of the impacts and outcomes of our work.
The aim of the partnership between the Trust and LSBU, one of London’s oldest and largest Universities, is to expand our activities regionally and nationally by developing Social Return on Investment (SROI) activities to increase funding and the number of young participants who we work with. This partnership received financial support from the Knowledge Transfer Partnership programme (KTP). KTP aims to help businesses to improve their competitiveness and productivity through the better use of knowledge, technology and skills that reside within UK Universities and Colleges. KTP is funded by the Technology Strategy Board and the Welsh Government.
This project will prove that we offer value for money in a very competitive environment, and SROI will be used to enable the Trust to describe and demonstrate the value of our work. The Social Return on Investment Network explain that SROI is a framework for measuring and accounting for a much broader concept and value that seeks to reduce inequality and environmental degradation, and improve wellbeing by incorporating social, environmental and economic costs and benefits. The SROI project will provide a cost benefit analysis of the beneficial outcomes of the training and activities of the Trust. The University supervisor, Professor Alex Murdock, noted “This project builds on our extensive experience in the third sector and in social enterprise and it represents the first initiative of this nature in Wales”.
A Social Return on Investment Analyst, Jemma Bridgeman, has been appointed as part of the KTP. She is based at our Taff’s Well office in South Wales and will work with regional staff in Wales, London, Manchester and Birmingham. Jemma commented “I am excited about working on a project that will measure the real benefits of Construction Youth Trust. In an increasingly competitive environment it is important that charities can measure and describe the value of their work”.
Diane Chamberlain, Business Development Manager of Knowledge Transfer Partnerships at LSBU, says “We’re very excited to be working with Construction Youth Trust to cement their status as a valued charity, and hope our research can go some way towards continuing the good work that they do for young people’s careers.”