NEF developed the SROI methodology in the UK and offers consultancy and a training course on Social Return on Investment (SROI) that we have delivered since 2009.

“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

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

We can train your group or team, in-house or online. Contact us to discuss options.



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.

If held at your site, the course is normally delivered over two days but we can tailor it to suit your requirements. If delivered for your group online, there would be an option to run it over more days.

The course is designed to equip your organisation or group with the knowledge and skills necessary to use SROI and its findings, and to undertake SROI analyses for themselves. However, as experienced consultants, we may be able to offer you more structured support if needed.

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


  • We focus on working with organisations or groups who are working on specific projects or programmes together.
  • We recognise that a full SROI isn’t appropriate in every instance – we show how the methodology can be adapted to different situations and will tailor the examples we use to reflect your group’s sector or needs.
  • 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. This 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 talk to you about 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 individuals or 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 improve, its own programmes and services. Our primary aim is to help you prove and improve, not accreditation.


  • 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, Senior 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 now delivering this course online.

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“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

“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

“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 an SROI myself” Catherine Hurst, Natural Futures Manager, Cheshire Wildlife Trust, September 2017

Training Programme
Strategic overviews and practical training.

We offer tailored online and on-site training and briefings on Theory of Change, measuring social impact, commissioning for outcomes and social value, SROI, measuring local economic impact, community economic development, and more.

We also facilitate workshops to help you develop a Theory of Change for your programme or strategy. 

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

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by @nefconsulting