Oireachtas Joint and Select Committees
Wednesday, 29 June 2022
Joint Committee on Tourism, Culture, Arts, Sport And Media
Social Outcome Contracts in Irish Sport: Discussion
Mr. Liam McGroarty:
There are 30 different metrics in the social return on investment, SROI, model. It can be divided by gender, age, the type of activity and the frequency of activity. It is possible to put a financial value on 30 different metrics that we have. For example, if it is an elderly lady who will develop osteoporosis, we know that if that lady starts to be more physically active, she will increase bone activity, she will decrease hypertension and so on. We can then look at the health sector and cost of treating osteoporosis. The intervention we put in place, the contact we put in place with the private investor, the rate of returns and so on, will be much less than the cost to the State. We can individualise it on age, gender and specific health or social outcomes. We can it do it in Ireland and 40 other countries. I hope that answers the question.
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