The Social Value Engine was developed by Rose Regeneration and East Riding of Yorkshire Council in response to the Public Services (Social Value Act 2012) which requires Public Bodies to think about how they can also secure wider social, economic and environmental benefits. The SVE works alongside and has incorporated Social Return on Investment principles (SROI) and the 7 Social Value UK principles.
The SVE has been developed to give you complete control of your social value calculation to deliver your projects. In-person training is provided.
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A systemised and academically robust assessment of social value, for you to forecast, plan and evaluate your activities
A description of how a project creates value, and a ratio that states how much social value (in £) created for every £ of investment
More than 180 peer-reviewed financial proxies derived from reliable sources for a more robust calculation
Helps you to think about how your activities are making a place better to live (sustainable communities) with professional support
One Licence
POA
Five Licences
POA
Negotiable
In order to measure social value you need to consider the seven principles of Social Value as set out by Social Value UK and Social Value International. The Social Value Engine has been designed to take each principle into consideration, and has been accredited by Social Value UK.