Project: Social Investment Performance Data Exchange
City: London Grant: £22,000
Social Enterprise UK (SEUK) functions as the representative body and membership network for social enterprises with a mission to create a favourable environment in which social enterprises can start up, survive and thrive. SEUK also has a track record of research to build a robust evidence base to inform work on data sharing.
SEUK will carry out a 3 month feasibility study to support the work of Open Data Services in developing a data standard and process for more transparent sharing of information across social investment intermediaries. SEUK will identify participant social investment institutions, co-ordinate and convene these institutions, and act as a liaison in partnership with ODS to advance data mapping, collectively agree a data standard and advance an action plan for implementation.
The feasibility study will be key to progressing data sharing with social investment intermediaries, which has the potential to put in place important infrastructure for the market. The project should advance collaboration, set a clear direction and develop a collectively agreed plan of action. Better sharing of data will contribute to transparency and will help organisations at the wholesale, investor and investee levels to make decisions about where and how to invest, how investments perform, and when and where to allocate subsidy.