LM3 was developed by nef (the new economics foundation). Since its original development period in 2000-2002, LM3 is now a Government-recognised tool for measuring economic impact, particularly for public procurement. It has and continues to be used by the private and non-profit sectors and is free for social economy organisations.
LM3 Online is the product of a partnership between Justin Sacks, Adam Wilkinson, and Richard Wilde.
LM3 enables you – whether you are a community organisation, business leader, or government official – to measure how much your organisation or initiative impacts on the local economy. And more importantly, by mapping out how your spend circulates within a defined local area, lm3 helps you work out where you need to make changes to improve that impact.
This website forms the interactive report section of a research project commissioned by ONE North East. The objective of the research is to quantify the economic impact of public procurement on the North East economy. It is based on the Input/Output model used by Durham Business School and also incorporates data and knowledge developed using Lm3.
An explanation of how social value can be created using your existing purchasing practices
The definition and purpose of social enterprises
A framework for integrating social enterprise into your purchasing
A set of action steps for putting social enterprise purchasing into practice
An on-line directory of social enterprises
Access to a searchable database of social enterprise procurement resources and information
How commissioners can use SROI to achieve better results. Good commissioning requires many factors to be taken into account at each stage of the commissioning process in order to achieve regulatory and policy aims, including value for money and reduced inequality. With increased attention on commissioning there is a growing appetite for commissioners to understand and manage the effects
of commissioned services.
on value for money,including aspects such as considering “wider costs and benefits” prior to procurement in a way that is
manageable and proportionate. The supplement is designed to be read in conjunction with A guide to Social Return on Investment1.
SROI analysis is a process of understanding, measuring and reporting on the social, environmental and economic value that is being created by an organisation.
A new tool developed by nef (the new economics foundation) in partnership with the London Borough of Camden to encourage outcome-based commissioning of local services and incorporate wider community benefit both in the tendering process and in the performance management of contracts.
This sustainable vehicle procurement toolkit has been developed by the PASS project. PASS (Procurement and Sustainable Supply) is a two-year collaboration between Berkshire unitary authorities and partners, and is funded by ERDF and SEEDA. Its aim is to help improve the sustainability of small and medium businesses and their products and services, and to help raise sustainable procurement standards within the public sector. More information: www.passberkshire.co.uk
The documents attached consist of a Whole Life Cost (WLC) Model which can be used to illustrate the possible costs, a WLC guidance document produced for school's but can be used for routine procurements, and Wakefield's risk log which addresses sustainability risks (a presentation outlining this approach has also been attached).
Links available on the Procurement Cupboard's website allows quick access to other tools which may be of interest.
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