SROI analysis findings contribute to Scottish Government u-turn on preventative spending
BY CLAIRE MUNRO, GUARDIAN PROFESSIONAL
A social return on investment analysis for Bield, Hanover and Trust housing associations revealed that adaptations to sheltered and very sheltered housing saves millions of pounds. Specifically, the study demonstrated that the investment across the three associations saved the government £5.3m for a £1.4m investment. This gives a total return of up to £6 for every £1 of public money spent.
The Scottish government has confirmed that the 2012-13 budget for home adaptations for elderly and vulnerable citizens will be maintained at £8m – overturning plans to cut it by a quarter. The government has also agreed to retain its existing funding criteria for housing, so associations can afford to carry out adaptations to tenants' homes.
Read the full article here.