1. nef (the new economics foundation) Unlocking Value Using SROI in criminal justice policy

2. nef (the new economics foundation) nef (new economics foundation) Independent ‘think and do’ tank Challenges mainstream thinking on value and measurement, economics and regeneration

3. nef (the new economics foundation) Problem 1

4. nef (the new economics foundation) Problem 2 Tend to measure what we can count What get’s measured is what gets valued What get’s valued is what we pursue The things that matter most to us get left out

5. nef (the new economics foundation) Problem 3

6. nef (the new economics foundation) How does it work? Social Return on Investment SROI = [Value of benefits] [Investment] BUT it is about more than this – a technique and a set of principles

7. nef (the new economics foundation) Why SROI? Why now? Business as usual isn’t going to work A framework for measuring what matters –Triple bottom line –Giving voice to those normally excluded from decision-making Basis for debating the allocation of (scarce) resources to maximise social, environmental and economic outcomes –Organisations –Society

8. nef (the new economics foundation) Applying SROI to women in the justice system Every pound invested in support-focussed alternatives to prison generated £14 worth of social value If alternatives to prison were to achieve an additional reduction of just 6 per cent in re– offending, the state would recoup the investment required to achieve this in just one year The long–run value of these benefits is in excess of £100 million over a ten–year period.

9. nef (the new economics foundation) Other findings Measuring levels of re–offending Measures are too generic for women OASys is only used for those serving a sentence of one year or more. Measurement focuses mainly on where interventions fail There is too much focus on outputs Programmes do not last long enough to be influenced by data from evaluations

10. nef (the new economics foundation) Recommendations Measurement systems need to be put in place to enable a fuller analysis of the costs and benefits of different decisions Policy making is currently disproportionately concerned with the direct costs of prisons and other penal facilities, neglecting consideration of the wider costs and benefits Sentencing for non–violent women must do more to meet their needs

11. nef (the new economics foundation) Seven principles for measuring what matters Measure for social, economic and environmental outcomes Measure with people Value the things that matter most Be responsive Avoid over-claiming Transparency and accountability should inform everything Measure strengths as well as risks and deficits

12. nef (the new economics foundation) Taking this work forward at nef Developing SROI with OTS/training etc. Second phase of MWM, applying SROI to youth justice and prolific offenders Expanding the potential of SROI to inform criminal justice policy Policy work with MoJ, Treasury etc.

13. nef (the new economics foundation) Further information Eilís Lawlor Head, Valuing What Matters eilis.lawlor@neweconoics.org 0207 8206361