[et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_team_member name=”Mylene Pacot ” position=”Senior Project Manager, Renaisi” image_url=”https:\/\/www.powertochange.org.uk\/wp-content\/uploads\/2022\/01\/Mylene-Pacot.jpeg” _builder_version=”4.17.1″ _module_preset=”default” header_font=”||||||||” body_font=”|||||on|||” position_font=”|||||on|||” position_text_color=”#1E2D5A” text_orientation=”left” animation_style=”slide” animation_direction=”bottom” animation_delay=”200ms” animation_intensity_slide=”4%” link_option_url_new_window=”on” hover_enabled=”0″ custom_css_member_image=”max-width: 150px;” border_radii_image=”on|50%|50%|50%|50%” locked=”off” global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_team_member][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
Community businesses trade for the benefit of their local community. They provide services ranging from community hubs, cafes, shops and pubs through to libraries and much more. They have positive social impact while also being financially sustainable.<\/p>\n
Through funding programmes such as Trade Up and the Community Business Fund, Power to Change aimed to support them; yet how can we understand the financial impact that Power to Change has had on community businesses? The answer is not straight-forward, and programme impact can be difficult to isolate amongst a range of activities undertaken over a multi-year period by numerous community businesses.<\/p>\n
In response to such a challenge, MyCake and Renaisi<\/a> developed a data reporting approach to better understand the financial impact of funding and investment programmes on community businesses (and other trading organisations) \u2013 and called this the \u2018Year Zero reporting approach\u2019.<\/p>\n Year Zero is defined as the starting point of a grant funding programme, from which changes in key financial metrics can be measured. Applying a Year Zero transformation to the data provides clarity by creating a universal starting point from which the financial impact of the programme can be understood. It then becomes possible to look for trends in the data which might be attributed to grant funding.<\/p>\n Different milestones could be used as the \u2018Year Zero\u2019 in any given programme, and evaluators should select the most relevant one and provide a clear definition for it. This approach can allow funders and evaluators to clearly see the different trajectories in growth that community businesses experience before and after receiving funding. It can be particularly valuable when cohorts of grantees are homogenous, when programme funding is disbursed across several financial years, and when trying to compare programmes aiming to achieve the same goals through different intervention models.<\/p>\n This paper explains what the Year Zero reporting approach is and why it is beneficial. Itgives practical examples of its applications on the Community Business Fund and Trade Up programmes. It also provides guidance to funders and evaluators to decide whether this approach would be appropriate for other funding programmes going forward.<\/p>\n [\/et_pb_text][et_pb_image src=”https:\/\/www.powertochange.org.uk\/wp-content\/uploads\/2021\/09\/Abram-Ward-Community-Cooperative-e1630947217703.jpg” title_text=”Abram Ward Community Cooperative” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_button button_url=”https:\/\/www.powertochange.org.uk\/wp-content\/uploads\/2022\/02\/Year-Zero-report-final.pdf” url_new_window=”on” button_text=”Read the report ” admin_label=”Button” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" A new approach has been developed to better understand the financial impact of our funding for community businesses. Renaisi’s Mylene Pacot explains all.<\/p>\n","protected":false},"author":29,"featured_media":14511,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":" by Vidhya Alakeson, CEO of Power to Change<\/strong><\/p> The pandemic has woken us up to the power of community. We saw communities pull together in moments of crisis to get through, stay connected, and begin to bounce back.<\/p> We know this proactive response by local people to their communities\u2019 needs isn\u2019t new. People have always been there, working together to support one another, create good local jobs and improve where they live. In doing so they tackle the biggest challenges of the day \u2013 whether that\u2019s loneliness or mistrust, the climate crisis or local decline. What is clear is that when communities step up, they make a difference.<\/p> Through the work we do at Power to Change to support community businesses across England, we see the potential of communities every single day. We also know that too often communities face an uphill struggle. Pots of funding are available but accessing them can be complicated and hard to navigate and rights that communities can theoretically exercise to make changes in their local area are, in actual fact, almost impossible to use.<\/p> Too often the places impacted by initiatives, investment and programmes are often the last consideration. This is because power is too remote; decisions are made behind closed doors far away from the people affected by them. Research from Power to Change and the Cares Family<\/a>, found that 71% of people in the UK felt they lacked control over the important decisions that affect their neighbourhood and local community. We need a new approach. We need to put power and control in the hands of our communities.<\/p>","_et_gb_content_width":"","inline_featured_image":false,"wds_primary_category":0,"footnotes":""},"categories":[340],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/posts\/38993"}],"collection":[{"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/comments?post=38993"}],"version-history":[{"count":0,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/posts\/38993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/media\/14511"}],"wp:attachment":[{"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/media?parent=38993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/categories?post=38993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.powertochange.org.uk\/wp-json\/wp\/v2\/tags?post=38993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is Year Zero reporting?<\/h3>\n
About this report<\/h3>\n