NEF developed the SROI methodology in the UK and now NEF Consulting offers a range of products, including a 2-day Social Return on Investment (SROI) training course we have been delivering since 2009.

“Sarah [the trainer] was excellent. She was knowledgeable and understood the process inside and out. I valued how she drew on her own experiences and was able to answer questions that were relevant to me.” – Dorry Price, Sustainability and Climate Change Consultant, WSP, October 2018

“A great introduction for anyone wanting to start thinking about using SROI in their organisation.” Helen Mayor, York CVS, September 2017

You can read more testimonials at the bottom of this page.

We can deliver this training in-house for your group. Let us know if you would like to discuss options.

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NEF Consulting’s SROI training covers all the methodology and practice needed to carry out an SROI analysis. It combines a thorough understanding of the theoretical policy background to SROI and its long-term benefits, with a step-by-step guide to the SROI methodology backed up by a range of practical group exercises.

It is designed to equip participants with the knowledge and skills necessary to use SROI and its findings, and to undertake SROI analyses for themselves. However, as experienced consultants, we can hold your hand through your first SROI analysis or offer you more structured support.

In addition to our 2-day SROI training courses, we offer introductory sessions and high-level briefings for your teams or groups.


  • We recognise that a full SROI isn’t appropriate in every instance – we show how the methodology can be adapted to different situations.
  • This is the only course in which you will build an SROI model on a spreadsheet, as you would when conducting your ‘real life’ SROI analysis. It also allows you to see how calculations build up.
  • It draws on:
    • The extensive SROI experience of an expert team based at the New Economics Foundation (NEF) and NEF Consulting. NEF co-wrote the Cabinet Office Guide to SROI.
    • NEF’s wealth of experience of measuring and valuing outcomes and the Centre for Wellbeing’s latest research into wellbeing measurement.
  • Our course has a strong focus on group exercises and discussion to ensure transfer of skills and to build understanding.
  • We offer follow-up workshops to build your skills, such as Creating a Theory of Change.
  • We can offer full consultancy support on your SROI analysis.


If you wish to become an accredited practitioner, you will need the accredited course offered by our partners, Social Value UK, the official accrediting body in the UK. Both SVUK and NEF Consulting courses teach the same methodology. However, there are some differences in approach. The SVUK course is suitable for consultants wishing to offer SROI analysis as part of their service to other organisations. The NEF Consulting course is suitable for any organisation wishing to analyse, report on, and aiming to improve, its own programmes and services.


  • The big picture
  • Setting the scope and identifying stakeholders
  • Mapping Outcomes
  • Measuring Change
  • Valuing change
  • Understanding impact
  • Modelling an SROI
  • Sensitivity analysis, reporting, assurance


Christian Jaccarini, Consultant, NEF Consulting

Christian has wide experience in socio-economic research, macroeconomic forecasting, and policy analysis. An economist by training, he has worked with a range of quantitative tools, including input-output modelling and econometrics. Before joining NEF Consulting, Christian worked as an economist for an economic consultancy where he specialised in using valuation techniques, scenario analysis, and impact assessment to consult across a wide range of sectors and industries including property, retail and financial services.

For more information click here.


Sarah Arnold, Senior Economist, NEF 

Sarah Arnold web cropped

Previously an Economist with NEF Consulting, Sarah has a strong background in quantitative data analysis and econometrics, with specific expertise in exploring complex datasets to gain useful insights. She has worked on many of NEF Consulting’s more complex analytical projects. Clients include the NHS, PHE, the Department of Culture, Media and Sport, Shelter, WWF, and the Prince’s Trust.

Sarah is an accredited SROI practitioner, and expert in developing and putting into action social value frameworks. She enjoys working with individuals and organisations to improve their skills and enable them to understand concepts that will help them be truly effective. She advises on our SROI training programme.

For more information click here.

Please contact us if you are interested in running the course for your team. We are currently looking at online delivery options for summer 2020.


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“It’s an excellent course that explains SROI in plain English using practical exercises and signposts to useful resources.” Catherine Kennelly, Projects Officer, Maldon and District CVS, October 2019

“I’ve been trying to undertake an SROI following the guidance book but it wasn’t until I did the course that I actually understood it!” Kat Algar-Skaife, Research Officer, Bangor University, June 2019

“Very informative and useful – the training is a great way to understand and quantify our social impact.” Rhiannon Maniatt, Monitoring & Evaluation Officer, October 2017

“[The training] was very helpful, well-paced and covered lots of ground. I feel well equipped to start and SROI myself” Catherine Hurst, Natural Futures Manager, Cheshire Wildlife Trust, September 2017

Training Programme
Strategic overviews for leaders and practical training for teams.

We offer tailored on-site training and briefings on SROI, Theory of Change, measuring social impact, commissioning for outcomes and co-production, Total Contribution, measuring local economic impact, community economic development, the social value of research, and more.

Clients include local authorities, universities, public health services, NDPBs, charities, community groups, membership bodies, and responsible businesses.

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by @nefconsulting