The Area Council Manager updated Members regarding the Social Return on Investment (SROI) assessment that has been completed on the Summer Internship project with a view to future commissioning of either this or an alternative project. It was reported that the Summer Internship Project produced an SROI return of £5.30 for every £1 invested, which is a very respectable rate of return and reflects the positive social impact that this project has on the beneficiaries. It was felt that the project was inspirational for the young people who took part, giving them confidence and preparation for work. Members were advised that they can consider alternative options to meet this objective and will have to determine whether a universal or targeted approach is used, the size of the cohort, contract value, length and duration and the additional support that may be required to realise a new project.
RESOLVED that North Area Council Members will meet for a workshop with specialist officers to explore options further.