This online masterclass will benefit anyone seeking a robust way to measure and attach a value to the social impact of their work.
The UK Social Value Bank, engineered by HACT and Simetrica, has become the standard approach to social impact measurement in the housing sector. Our ongoing work to develop and expand the UK SVB has maintained its position as a thought-leader in this area.
Masterclass attendees will learn to understand, measure, and communicate their social impact using the latest versions of the UK Social Value Bank and associated tools and resources. This masterclass will benefit anyone seeking a robust and proportionate way to measure and attach a value to the social impact of their work in communities.
Attendees from outside of the housing sector are more than welcome. No prior knowledge is required to attend.
Session 1: 10.45 to 11.50
The background to the theory behind social impact measurement, an introduction to valuation, and an explanation of the wellbeing valuation approach.
Session 2: 12.00-12.50
Getting to know the UK Social Value Bank and its set of methodologically consistent social values. We will include all the values that have been added to the Social Value Bank since its launch, such as moving into employment, financial comfort, living in a good neighbourhood, rectification of problems with the physical environment, and the latest addition – the value of mental health improvements.
Session 3: 13.30-3.30
A full practical demonstration on how to apply these values using the latest version of the Value Calculator to measure the social impact of your work in a proportionate way to ensure reliable results, enabling benefits to be compared with costs.
We will explain how to communicate your results, use results to inform decisions and to maximise your social impact. We will also give examples of how other organisations have used the Social Value Bank to understand results, inform decision making, and improve their work.