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

     •   Increased collaboration (new business opportunities, 48.5% of respondents)
     •   New skill development (40%, with only 5% explaining skills have remained the same)
     •   Increased confidence to progress projects and products (somewhat - significant, 80%) (and 38.5%
         crediting the Digital Hub with significantly benefitting their career).
Noting these outcomes would not have happened to a great extent without the Digital Hub initiative,
reasonable financial proxies are nominated to ascribe value within the SROI. These include:

     •   Conversion of business opportunities into commercial outcomes (which is moderated with
         deadweight, drop off and displacement)
     •   Value of new product development, including investment, and client identification & acquisition
         through collaboration (attributed value among a notional number of members)
     •   Value of professional development and in-service opportunities (such as fee-for-service conferences
         and skills development seminars).


These SROI treatments are included in the SROI calculations in section 8.




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