How are our impact and outcomes growing?
We are constantly seeking to grow our impact, whether through increasing business support services and programmes, or developing our infrastructure to better enable collaboration opportunities.
The majority of our members are not only inspired and connected, but also enabled, as a consequence of being part of the Impact Hub community.
Impact measurement can be difficult, for example, what percentage of our members’ impact can be attributed to our service provision? Our stakeholders wanted to better understand the benefits we bring to the City of Westminster and beyond, so we commissioned economic experts Adroit Economics to deliver some key indicators; which, alongside surveys of our membership, have allowed us to build a comprehensive picture.
We have supported over 2,000 members to date directly with our membership services. This has led to the job creation and Gross Value Added (GVA) figures you see in this section.
We are extremely pleased to see that we are significantly beating benchmarks and delivering higher value per £ than other recipients of public funding.