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

A                    B                         C                 D                            E               F                G              H            I                J
Focus area           Output / benefit          No. of units 1    Value or                     Interim Value   Deadweight   2   Attribution    Drop off 3   Displacement 4   Value /
                                                                 Financial proxy                              Would have       Allowing for   Extent of    Benefit taken    impact
                                                                                                              happened         external       estimate     from
                                                                                                              anyway           assistance/    decline at   somewhere else
                                                                                                                               factors        12-month
                                                                                                                                              mark
Local digital network - 150 members


Skill and            Increased professional    50 participants   Equivalent value of          $25,000         10%              -              5%           -                $21,250
knowledge uplift     capability to enhance     (only), as        professional development
through Digital      commercial outcomes       notional          – attending conference/
Hub program                                    indicator         skills workshop @ $500
                                                                 (cumulative value)
Ability to           New and unique            15 x new          Assume notional value of     $375,000        5%               5%             5%           5%               $300,000
commercialise        business/ commercial      products or       product is $25,000
product through      outcomes – new            services (only)   (inclusive of investment
collaboration        products, services        as notional       value)
initiated through                              indicator         (No multiplier assumed)
Digital Hub                                    sourced
                                               through
                                               networking
                                               (10% of
                                               members)
Networking and       Enhanced professional     75 x members      Assume equivalent value of   $18, 750        -                -              -            -                $18,750
collaboration        knowledge and skills to   (50%)             5h p.a. of time networking
through Digital      convert into new and                        through LinkedIn @$50/h
Hub events           greater commercial                          (notional hourly income)
                     activity
                     Greater professional      10 x new          Assume 10 x new              $100,000        5%               5%             5%           5%               $80,000
                     capability to convert     business          clients/new product/
                     into new and greater      ventures          service value through
                     commercial activity                         collaboration @ $10,000
                                                                 (p.a.) per unit




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