So – lots of CICs out there, all needing to submit an annual return to the CIC regulator on what they’ve been achieving, some who are trying to evidence their value to local authorities to support applications for rate relief, and the CIC Association itself starting to think about how it can evidence and quantify the value and impact of the movement as a whole.
I’m aware that a few people are starting to think about, and look at possible tools and frameworks that can address all of the above, and I wanted to share that I have too – and it might be some reassurance if I let you know that I’ve been involved in similar initiatives with other sector groupings to address the same above themes as well over the last few years: supporting the development of KPIs that can be used as a ‘baseline’ to all co-operatives based on their defining values, creating a social accounting toolkit for Supporters’ Trusts, being involved with the balanced scorecard now being used by Social Firms and so on...(happy to forward links, etc to anyone who's interested)
I’ve started to spec out my thinking on this too (see attached) and it strikes me that as well as there needing to be a ‘baseline’ tool that any CIC of any size (including single director) can use to meet its local management information needs, and well as contribute to a national picture of the sector, there’s also likely interest from CICs which operate at larger scales or want to examine their impacts in more detail, for more complex tools (perhaps akin to the ‘Social Accounting and Audit’ model?).
I wonder if I can therefore offer to lead a discussion in this thread amongst anyone who’d be interested in contributing to, and developing, such a suite of tools and even lead on drafting a proposal to secure resources to formalise, test and pilot them (I’ve already done some initial research into likely grant making bodies and trusts who may be interested in supporting this).
Look forward to getting replies, comments, questions and challenges...