2021-10-12 P&E Agenda - Item 10 - Attachment 1 - Social Return on Investment Evaluation

Index
Executive summary ..................................................................................................................................................................................... 3
Acknowledgements .................................................................................................................................................................................... 4
1.0 Introduction .......................................................................................................................................................................................... 5
     1.1 Purpose of this report ..................................................................................................................................................................... 5
     1.2 About the Peregian Digital Hub – overview................................................................................................................................... 5
     1.3 Digital Hub - strategy and focus areas ........................................................................................................................................... 6
2.0 Benchmarking ....................................................................................................................................................................................... 7
3.0 SROI Methodology ................................................................................................................................................................................ 7
     3.1 Identification of values ................................................................................................................................................................... 8
          3.1.1 Valuing social traits ................................................................................................................................................................ 8
     3.2 Deadweight, drop off and displacement ....................................................................................................................................... 8
4.0 Digital hub stakeholders ....................................................................................................................................................................... 9
     5.0 Methodology – surveys ................................................................................................................................................................ 10
          Survey – areas of interest for SROI ............................................................................................................................................... 11
     5.1 Survey administration ................................................................................................................................................................... 11
          5.1.1 Framework for future evaluations ...................................................................................................................................... 11
          5.2 Response to surveys ................................................................................................................................................................ 11
          5.3 Data validity ............................................................................................................................................................................. 12
6.0 Data findings ....................................................................................................................................................................................... 13
     6.1 Presentation of data ..................................................................................................................................................................... 13
     6.2 Digital Hub members .................................................................................................................................................................... 15
          6.2.1 Commercial opportunities ................................................................................................................................................... 18
          6.2.2 Related investment .............................................................................................................................................................. 19
          6.2.3 Employment generation and value ..................................................................................................................................... 20
          6.2.4 Attribution of outcomes to Digital Hub............................................................................................................................... 21
     6.3 Digital network .............................................................................................................................................................................. 24
          6.3.1 Networking benefits ............................................................................................................................................................. 25
          6.2.3 Attribution of outcomes to the Digital Hub ........................................................................................................................ 27
          6.2.4 Maintaining Noosa as a work base ...................................................................................................................................... 28
     6.4 Students......................................................................................................................................................................................... 31
7.0 Elements of value generation - SROI ................................................................................................................................................. 36
8.0 SROI calculations – 2020/21 .............................................................................................................................................................. 37
9.0 Appendix A .......................................................................................................................................................................................... 41




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