Tools

Tool	Further Info	Cost
LM3 Online	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.	Free/Cost
Local Multiplier 3 (LM3)	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.	Free - a detailed guide t
Public procurement impacts in the North East	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.	Free thanks to ONE North
Social Return on Investment (SROI)	SROI analysis is a process of understanding, measuring and reporting on the social, environmental and economic value that is being created by an organisation.	free - detail guide can b
Sustainable Commissioning Model	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.	free

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