We specialise in developing custom social value solutions that align perfectly with your business goals and values.
Our approach is to understand your unique needs and craft products that not only enhance your social impact but also drive meaningful change in your community and industry.
In the development of a bespoke product for you, we utilise both our subject matter expertise and technical skills to help you create a social value product that aligns with your specific requirements.
Our customised social value products empower you to forecast, monitor, and assess the social value generated throughout your project's lifecycle and operational phase.
Additionally, we tailor these bespoke solutions to support your corporate governance and decision-making processes.
CUSTOM SOCIAL VALUE PRODUCTS FOR YOUR BUSINESS
We will facilitate two social value workshops with your staff and other stakeholders to understand the social impact and social value that you already create through your current business activities. The social value workshops are the first stage of the development of a Social Value Framework (SVF) that can be used to forecast, monitor, measure and evaluate the social impact and social value you deliver.
Workshop 1 - will involve mapping the Social Value KPIs and outcomes to develop the structure of the Social Value Framework against your activities which are grouped into, themes and categories.
Workshop 2- will present the outputs of the mapping exercise for review and refinement to ensure all the Social Value KPIs and outcomes have been captured.
We start the process by developing a Social Value Framework (SVF) database that meets your requirements for reporting social value. The SVF database will help to measure and monetise the wider social, economic and environmental impact and social value that your activities create. The SVF can be aligned to the policies, strategies or business model within the remit of your activities.
The Social Value Framework database underpins the bespoke social value product which can then be used for forecasting, monitoring, evaluation, and reporting on social value and inform the decision-making processes for investment, stakeholder and communities activities, and procuring projects and services.
In this crucial phase, we rigorously assess the Social Value Framework (SVF) to guarantee its reliability.
We select representative case studies or real scenarios that align with your organisation's activities. Data is meticulously validated, and we thoroughly examine SVF functionality, including data input, calculations, and reporting.
User testing may involve your staff and stakeholders, and issues are refined collaboratively. This ensures the SVF delivers robust social value data for informed decision-making.
Upon successful testing, SVC will develop a versatile Social Value Tool to assist your organisation in forecasting, monitoring, evaluating, and reporting on all activities integrated into the SVF database.
Initially, this tool will be created as an Excel-based solution, allowing you to efficiently measure social impact and calculate social value independently. The tool aligns with government-approved methodologies for assessing social value, economic impact, and environmental impact, including monetisation.
You also have the flexibility to customise the tool to meet your specific needs, ensuring seamless integration with your existing digital ecosystem.
In the last stage of developing your bespoke product, we will create a training package tailored to your staff and users of the Social Value Tool.
This training will empower you to master the methodologies and effectively utilise the Social Value Framework. It encompasses skill enhancement in social impact measurement and the design of qualitative and quantitative data capture techniques for comprehensive monitoring, evaluation, and reporting of social value.
Our collaborative effort with you will result in a standardised impact template, streamlining reporting across social, economic, and environmental dimensions.
Take a closer look at the transformative power of our services. Download a sample social value impact report.
Comprehensive Analysis of Your Social Value
In-depth metrics about your social value efforts
Automatic Report Generation
Create new reports as and when you need them
Full Branding
Customise report colours , text and add your logo for a cohesive look
The Social Value Company developed the Social Value Strategy for Salford City Council and Onside’s Salford Youth Zone, employing a Whole Life Value approach to assess the project’s impact during construction and operation.
The strategy incorporated the National TOMs framework and Salford City Council Planning Guidance, which only estimated an additional £1.5m social value during construction (£1.13 per £1 invested). However, using our approach we estimated that the real Social Value was £14.5m during the construction phase (£2.06 per £1 invested).
Furthermore, over a 25-year operational period, the project is expected to generate an additional £125m in social value.
Overall, the Whole Life Value of the Salford Youth Zone is forecasted at £171m, equating to £3.47 for every £1 invested. The project, set to complete by the end of 2024, has now received planning permission.
In a recent collaboration with a leading recruitment company, we harnessed the power of our automated reporting tool and expert consultants to showcase their social value impact.
The results were striking—our comprehensive report revealed an astonishing £40,000,000 in social value generated within just 12 months.
This quantifiable impact not only reflected their commitment to societal well-being but also served as a powerful tool in the competitive landscape. The numbers spoke volumes— a remarkable 63% increase in successful bids and tenders.
By leveraging their newfound social value narrative, the recruitment company not only strengthened its position as a socially responsible entity but also witnessed a significant upswing in revenue.
This success story underscores the transformative power of integrating social value into business strategy, reinforcing our commitment to driving positive change for our clients.
In a recent collaboration with a prominent course company ofcourse.co.uk, we spearheaded a groundbreaking initiative to prioritise student well-being.
Leveraging our plug-and-play white-labeled well-being platform, seamlessly integrated into their existing system, we benefited a staggering 100,000 students.
This innovative approach not only showcased their commitment to student welfare but also created a unique selling proposition. Strategically aligning their social value responsibilities with course promotion, the company experienced a remarkable 5% increase in course sign-ups.
By intertwining education with a conscientious approach to student welfare, the company not only demonstrated its commitment to societal impact but also experienced tangible growth in its enrollment numbers.
This success story exemplifies the powerful synergy between social responsibility and business success, illustrating our dedication to driving positive change for our clients.
Get Started Today
Book a discovery call, and one of our social value experts will arrange a convenient time for a 30-minute call to discuss how we can assist with your social value needs.
