The Index, which is a listing of social ventures, ranked and scored according to their growth and social impact, has previously been published in the form of an annual survey and data report.
But the new data platform will give organisations the ability to chart their progress and compare themselves with peers with up-to-date information at any time.
By entering their data, organisations can create confidential comparative reports of their own performance, benchmarked against others in their region or sector.
For enterprising charities, CICs, social enterprises, co-ops, housing associations, and other organisations taking enterprising approaches to social change, the RBS SE100 represents a significant opportunity both to showcase their individual success and to help quantify and demonstrate the strength of the social venture sector.
It will also provide a substantial data resource for investors, commissioners and policymakers as they seek to build knowledge and understanding of the landscape of the social economy.
Designed by social innovation company Matter&Co (matterandco.com), the RBS SE100 Index has been developed in partnership with RBS, who have supported the initiative since its creation four years ago. The online platform is a result of collaboration with RBS Inspiring Enterprise, as RBS builds on its legacy to strengthen the social enterprise sector.
Duncan Sloan, RBS Head of Community Banking, said: “RBS has been supporting ventures which provide enterprising solutions to social problems for many years and the RBS SE100 Index is a key initiative in our commitment to build on this legacy.
“We are pleased to have been partnering with the Index since it began and this year’s development marks a significant and exciting opportunity to build greater understanding and greater support for social enterprises across the UK.”
Rewards for top performers
Top performing social enterprises that enter their data on www.se100.net will share a £25,000 fund, with prizes presented at the RBS SE100 Annual Awards in November 2013. The event will reward sustainable growth and social impact and a trailblazing newcomer will also be identified from entrants.
The 2013 RBS SE100 awards will be based on data submitted before the 22nd September.
Nick Hurd, Minister for Civil Society, said: "Social Enterprises are delivering positive social change all over the UK and this new online tool will help us all of us involved to understand the full impact of this valuable work. The UK is a world-leader in social investment, and the RBS SE100 will be an excellent resource for both policy-makers and social investors as they seek to identify opportunities to support and finance growth in this vibrant sector."
In addition to RBS, the Index will work with the SROI Network (thesroinetwork.org) and Buzzacott Chartered Accountants, who will help with the verification and due diligence process on the data collection and awards criteria.
The Index is also partnering with a wide group of organisations across the social venture space, including key umbrella bodies, social investors and government.
The new online RBS SE100 data platform will launch in several stages. Organisations can already create or claim their profiles, submit their RBS SE100 returns and see their national rankings.
Further functionality will appear on the site in the coming weeks, with the full launch taking place in November 2013, including open source access to the aggregated data.
About RBS Community Banking
RBS was the first bank in the UK to establish a Community Banking Team. Since 1999, the Team has worked hard to break down the barriers to enterprise across Britain by creating opportunities for all sections of society. The bank has a team of locally based Specialist Mangers throughout Britain, committed to helping new start-up businesses and enabling deprived neighbourhoods to be more enterprising and build stronger communities. For more information contact the Community Banking team: firstname.lastname@example.org.