Social Value Consultancy
Over 10 years championing Social Value Creation
We have worked tirelessly to bring our local communities into the vision of our business communities for over 10 years. Thankfully there are now tangible moves by corporates to align with Environmental Social Governance (ESG) goals, and act as citizens in their strategies.
Social value is at the heart of ESG. It is the value that people place on the changes they experience in their lives. The Principles of Social Value provide the basic building blocks for anyone who wants to make decisions that take this wider definition of value into account, in order to increase equality, improve wellbeing and increase environmental sustainability.
By applying these Principles, we create consistent and credible accounts for the value that is being created. The outcomes, and the measures and values of outcomes, can remain specific to the context, activity, and the stakeholders involved.
Social value became a feature of public sector contract awards following the introduction of the Public Services (Social Value) Act in 2013. It has become an imperative factor that often tips the balance between evenly matched bids.
'activities we can help with'
- Identify services your organisation already delivers that can be aligned to strengthen your bid
- Create case studies with strong testimonies and ‘recommends’
- Create and develop links and collaborative projects with your local VCSE networks to identify collaboration opportunities
- Help to develop your supply chain to work with VCSE groups and networks
- Create an apprenticeship programme and in some cases an academy where pertinent
- Guide to appropriate staff development and training programmes within the scope of your organisation
- Work with you on your Environmental development plan applying circular economy principles and practices
- Developing your Equality and Diversity Policy
- Developing your Health and Safety policies and procedures
- Developing your Corporate Social Responsibility Policy, which can include workshops and project management.
The Principles of Social Value
Inform what gets measured and how this is measured and valued in an account of social value by involving stakeholders.
Articulate how change is created and evaluate this through evidence gathered, recognising positive and negative changes as well as those that are intended and unintended
Making decisions about allocating resources between different options needs to recognise the values of stakeholders. Value refers to the relative importance of different outcomes. It is informed by stakeholders’ preferences.
Determine what information and evidence must be included in the accounts to give a true and fair picture, such that stakeholders can draw reasonable conclusions about impact.
Only claim the value that activities are responsible for creating.
Demonstrate the basis on which the analysis may be considered accurate and honest, and show that it will be reported to and discussed with stakeholders.
Ensure appropriate independent assurance.