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Social Value is the relative worth or importance that people and communities places on positive changes to their lives (social, environmental, economic and cultural) - West Glamorgan Social Value Forum Definition.

Are you a local business and want to explore ways to increase your social value to benefit the local community? Please get in touch!

If you’re an expert in Social Value or would like to learn more, we welcome you to the West Glamorgan Regional Partnership (WGRP) Social Value Forum!

The West Glamorgan Regional Partnership Social Value Forum aims to:

  • Encourage a flourishing Social Value Sector
  • Transform service delivery
  • Enable citizens, third sector, social businesses and public sector to work as ambassadors or Social Value

Email Roxane for the dates of the forthcoming Social Value Forum meetings.

For more information, or to be sent links to join any of the sessions, please contact Roxane Dacey at [email protected] or telephone: 07932 555221

What is Social Value?

Social Value is the positive change that takes place after an intervention or activity.

A term that seeks to capture an ethos and value base that promotes respect, collaboration and collective endeavour towards securing well-being outcomes for individuals and communities. 

Social value organisations are organisations that deliver social value as a core part of their ethos and culture in a way that embodies the principles of the 2014 Act. This means proactively working in a way that provides voice and control and improves well-being for citizens.

The Wales Co-operative Centre: Social Value Forums Toolkit Definition

Measuring Social Value

Social Return on Investment (SROI)

Social Return on Investment provides a means to assign a monetary value to activities that demonstrate Social Value.  Social Return on Investment relates to the 7 principles of Social Value:

  1. Involve stakeholders– Inform what gets measured and how this is measured and valued in an account of social value by involving stakeholders.
  2. Understand what changes– 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.
  3. Value the things that matter – 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.
  4. Only include what is material – 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.
  5. Do not over-claim – Only claim the value that activities are responsible for creating.
  6. Be transparent – 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.
  7. Verify the result – Ensure appropriate independent assurance.

(Social Value UK)

National Social Value Measurement Framework – TOM’s

(Themes, Outcomes, Measurements) - National TOMs - Social Value Portal

For more information on the WGRP Social Value Forum, please contact Roxane Dacey at SCVS: [email protected] or call: 07932 555221