Social value training

Do you truly understand what social value is, the impact your organisation makes and how to measure it, and apply it, to the activities you do?

HACT’s social value training is informed by years of combined experience of using, advising, and teaching organisations to use social value principles and is designed to benefit anyone seeking to understand, measure and attach a value to the social impact of their work.

And, with the public procurement bill recently passed, there is now even greater requirements to measure and deliver social value within contracts and procurement more generally, meeting the challenges in how best to quantify and articulate social value is of real significance.

Social Value is so much more than a figure on a page. It is a commitment to create an impact in everything you do, taking it from transactional to transformational and truly delivering on your social purpose and the difference you can make to individuals.

Andrew van Doorn

HACT Chief Executive

What does the training cover?

Our introduction to social value masterclass demystifies the world of social value for you. Understanding what social value is, why it is important and how to measure it is key to understanding the true impact of your work.

The training covers the following topics and tools:

The definition and principles of social value
Current legislation and drivers to social impact measurement.
The background to the theory and an introduction to valuation, and an explanation of the wellbeing valuation approach
The role of activities, outcomes, and impacts within a social value ‘theory of change’
Understanding social value metrics – using methodologically consistent social value indicators to demonstrate impact and a practical demonstration of applying this in a real life context.
How to communicate your social value outcomes and reporting within your organisation and to inform decisions which maximise your social impact, and externally to unlock better finding opportunities.
Examples of how other organisations have used the Social Value Bank to understand results, inform decision making, and improve their work.

What are the benefits?

Understanding social value is key to understanding the impact of your work on your residents and wider community. Our training session will give you the knowledge and tools you need to:

Gain a better understanding social value theory and context
Understand the Social Value Bank (UKSVB) and the field of wellbeing, health and exchequer valuation measurement
Knowledge of how the UKSVB can be used and applied at your organisation to measure and demonstrate the social value you generate
Understand how to practically use social value valuation.

HACT’s approach to measuring social impact is underpinned by Wellbeing Valuation which is endorsed within HM Treasury’s Green Book – the UK Government’s core guide to policy evaluation – as a method for placing values on things that do not have a market value through being bought and sold. Wellbeing Valuation is used by a range of leading authorities and central government departments including the Department for Business Innovation and Skills, the Department for Culture, Media and Sport, the Department for Work and Pensions, HM Treasury, the Cabinet Office and DLUC. It is also a firm part of OECD recommendations on wellbeing analysis in public policy and is used by other governments.

Book a place on a date that suits you!

An introduction to social value – December

Tuesday 3 December

10:00 — 13:00

Informed by years of combined experience of using, advising, and teaching organisations to use social value principle, the training is designed to benefit anyone seeking to understand, measure and attach a value to the social impact of their work. As social value becomes increasingly established as part of procurement and public sector processes, get ahead of the curve and get the knowledge you need to go beyond ticking a box and measure your true social value impact.

Find out more and book your spot!

Delivered by our Head of Social Value, Michael McLaughlin

Michael joined HACT in January 2020, having previously accrued 16 years’ experience in various social housing roles, much of which has involved developing and managing digital strategy and policy, latterly in Information and Compliance functions for Clydebank Housing Association. Michael graduated with an MA in Social Sciences from Glasgow University in 2003, and more recently in 2020 Diploma’s in both Digital Inclusion Project Management and CIH Level 4 Housing Studies.

As key contributor to Scottish Federation of Housing Associations (SFHA) Innovation and Future Thinking programme, Michael retains a keen interest in the promotion of data led organisations and the ways in which this enables innovation and social impact across the housing sector.

Currently leading on HACT’s Social Value consultancy and training programmes, Michael previously project managed the sector leading UK Housing Data Standards initiative, and also part of Department for Levelling Up, Housing and Communities, Golden Thread advisory group for the UK Building Safety bill. Michael has also researched and co-authored paper with CaCHE on The Impact of Social Housing: Economic, Social, Health and Wellbeing.

It was so interesting and really useful to put into practice on measuring social value in loans. We (Trowers & Hamlins) have already entered into a couple sustainability linked loans where social value is measured by HACT and I can only see this increasing going forwards.

Helen Fysh

Partner, Trowers & Hamlin,

Previous clients

How else we can help

Discovery

What does social value mean to your organisation?

Our discovery report service supports you in creating the right strategy and delivering an organisation-wide approach to social value by assessing your unique aspirations and drivers.

Framework

How effectively are you using social value?

Our framework service provides a template from which to begin your social value journey. It ensures your organisation is pointing in the right direction and helps you evidence your impact and improve your services.

Certification

Have you applied your social value metrics correctly?

Our certification service gives your Board the confidence that your social value figures add up. We check your data and recommend improvements to the way you measure social value moving forward.

Report

Do you know your overall social impact?

By analysing the data you provide we produce social value reports that let you confidently demonstrate your social value to your Board and other stakeholders.

Health check

How healthy are your processes?

By reviewing your processes and highlighting the strengths and weaknesses of your methods, we can provide a roadmap to improving your approach to social value.

Procurement advice

Want to maximise the social impact of your procurement spend?

We turn the outcome you want into a procurement framework and provide independent assurance that your contractors are delivering the social value promised.

Wherever you are on your social value journey, we can help

Find out how

Bespoke social value training

We can also develop and run bespoke social value training around your organisation’s specific requirements. From an introductory overview of social value or a more in-depth workshop looking at how you can implement a framework, we’re here to help.

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