SVP has huge economic impact on society

The St Vincent de Paul Society (SVP) visited 60,000 lonely, isolated and vulnerable people last year.

A study carried out by economists Oxera looked at the economic impact made by the SVP and found that SVP’s befriending work generated an estimated £11 million a year in England and Wales.

The research found that the SVP’s 10,000 volunteers helped isolated people improve their mental health, increase their skills and confidence, and enter or re-enter employment. This in turn equated to reduced costs to the NHS, savings to Social Services, and better quality of life both for the beneficiaries and for the volunteers themselves.

The SVP’s volunteers offer weekly company, as well as practical assistance, to isolated older people at home, vulnerable families, refugees and others on the margins of society. For every £1 that the SVP spends on visiting and befriending people, the benefit to society is about £3.

Helen O’Shea, a Trustee of the SVP, said: ‘We see every day at first hand the benefits of our visits to isolated people, in terms of their emotional and psychological well-being. Now we have confirmation from economists that our visits also have substantial financial benefits as well.  Anyone who supports the SVP can have confidence that their donation is being well used.’

The study was carried with the support of Pro Bono Economics. The full report can be downloaded from the SVP website: http://svp.org.uk/oxera

The St Vincent de Paul Society (SVP) is an international Christian voluntary organization dedicated to tackling poverty and disadvantage by providing direct practical assistance to anyone in need. Active in England & Wales since 1844, today its 10,000 voluntary members continue to address social and material need in all its many forms.

 

Posted on: January 29th, 2016

YCL Magazine

Order a copy of our magazine

Will writing guide

Download our will writing guide