'Whizz-Kidz generates between £10 and £65 for every £1 invested.' This was the conclusion of Leading economic experts, Frontier Economics, who carried out an independent report on the Social Return on Investment generated by Whizz-Kidz‘s services in 2011.
Download the Social Return on Investment report - or read on for the highlights of the report.
The report found that for every £1 spent on appropriate mobility equipment for disabled children, benefits of between £10 and £65 were delivered for parents, carers, schools, the NHS, local and central Government - this is known as the ‘Social Return on Investment'. For example, faster access to suitable wheelchairs prevents future healthcare issues and reduces the strain on health organisations.
The report concluded that there are a range of negative consequences for both individuals and wider society when appropriate wheelchairs are not provided. We want to work more widely with the NHS to extend our model for wheelchair provision to reach more disabled people, quickly and with equipment which suits their needs. Read the key highlights of the report below.
The impact of not having an appropriate wheelchair:
Frontier Economics identified that the wrong wheelchair means unnecessary burden, for example:
- Children and young people have less independence and choice.
- Parents often can’t take up employment because of additional caring responsibilities.
- Schools often have to make adaptions to classrooms and buildings, and employ extra teaching support.
- The NHS is drawn upon more frequently for avoidable health issues, and state welfare services are used to provide more financial help.
The benefits to society from Whizz-Kidz providing mobility equipment:
Frontier Economics concluded that with Whizz-Kidz providing the appropriate wheelchair to fit a child’s young life, the following things can happen:
- Independence -a young person has greater independence to go on to pursue further education and learn skills that will help them find employment later on.
- More freedom for carers -parents and family members who take on care for the young person can be freed up to start part or full-time work, increasing the family’s income. This improves their family situation both socially and economically.
- Less support is required - for example the young person’s school will save on classroom adaptations or support from a teaching assistant, because of the child’s greater level of independence.
- Reductions in healthcare costs -the need for hospital treatment for health problems caused by the wrong wheelchair and support seating is alleviated; reducing healthcare costs.
- Savings for state services -there are clear savings to state services and support, as families draw on fewer welfare benefits.
How the report was put together:
Social Return on Investment (SROI) is an approach which measures a broad concept of value. It incorporates social, environmental and economic costs and benefits, encompassing both quantitative and qualitative measures of costs and benefits.