Social Return on Investment for The Backyard Food Bank's Project

Abstract The Backyard Food Bank’s project emerged from the ideas of individuals who had undergone training in Pheung Ton Pheu Chart Project. Wang Tako Sub-district, Lang Suan District, Chumphon Province. The food warehouse project located in Chomphon Province, covering an area of 31 rai (12 acres) which aimed to create a food reservoir and a refuge during crises. Therefore, this research aims to 1) assess the Social Return on Investment (SROI) and 2) evaluate the Social Impact Assessment (SIA) of the Backyard Food Bank’s project covering 31 acres in the Lang Suan Subdistrict, Wang Tako District, Chumphon Province. The researchers collected data from three sample groups: project initiators, project participants, and community residents affected by the project, totaling 40 individuals. Data was gathered through interviews, and both SROI and SIA were calculated. The study revealed that the Backyard Food Bank’s project in Lungsuan Sub-district, Wang Tako District, Chumphon Province, has an SROI of 1.25, indicating the project’s social return on investment is worthwhile. This signifies that the social benefits derived from the investment are deemed worthwhile. The majority of the returns are attributed to participants gaining knowledge about various activities, enabling them to apply this knowledge in their daily lives. This has resulted in improved mental well-being. Moreover, the Social Impact Assessment (SIA) demonstrated that the project can provide a sustainable and safe food source for the community, fostering increased knowledge of natural farming practices. Additionally, during various crises, the project serves as a refuge. Furthermore, the project aligns with Sustainable Development Goals (SDGs) 1, 2, 3, and 6 and supports the National 20-Year Strategic Plan in two aspects: (1) creating social opportunities and equality, and (2) promoting growth with an environmentally friendly quality of life.