New HACT Social Value metrics, guidance, toolkit online now!

10/03/2014

HACT has today launched a major new report with Daniel Fujiwara setting out new approaches to valuing housing providers’ community investment activities.

The report, produced with generous support from Catalyst and Affinity Sutton, today’s launch includes:

  •  a new and comprehensive set of social impact metrics covering the most common housing provider neighbourhood-focused activities 
  •   easy to use guidance on their application
  • a social value modelling toolkit
  •  background on the methodology used in creating the metric set

Copies of the report, metrics, guidance and social value toolkit are available now - click here to access the publication and associated tools.

Over the last two years, HACT has worked with leading academic and government impact adviser, Daniel Fujiwara, to develop new and cutting edge approaches to measuring the social value created by housing providers. In February 2013, we published The Social Impact of Housing Providers, which showed how a cutting-edge approach to social value measurement – Wellbeing Valuation – could be used to place values on the impact of housing providers’ bricks and mortar activities.

Wellbeing Valuation helps place a value on activities through looking at their impact on individuals’ life satisfaction. It is attracting increasing attention in the UK and more widely, is recognised by HM Treasury in its Green Book guidance on cost benefit analysis and is increasingly being applied across OECD by governments seeking to assess the value of non-market social interventions.

On the HACT social value webpages you can register to access these new impact values. These values have been established through one of the largest scale exercises in social value analysis carried out to date, providing a wide range of values that – critically – share the same evidence base.

Alongside the values, guidance on HACT’s website includes information on and examples of how housing providers might apply the values in a practical context to provide quick and robust feedback on the impact of a wide range of activities in ways that are practical and proportionate to the scale of their programmes. Whilst these new approaches are not intended to fully replace more detailed and resource-intensive SROI-based analyses, we hope they will help a much wider number of organisations to embed social value considerations into resource allocation, decision making and corporate reporting.

HACT will shortly be launching the beta version of Value Insight – a new online social value mapping and reporting tool – initially exclusively to Community Insight subscribers. Value Insight will be fully integrated with Community Insight, and enable the easy use of new social value metrics using the same easy approach that has made Community Insight one of the fastest growing data tools in the housing sector. Register here for more information on its launch.

Links

Download Measuring the Social Impact of Community Investment: A Guide to using the Wellbeing Valuation Approach.

Download the Value Calculator