Impact And Social Value
Building better social value, impact, and sustainability measures is crucial for demonstrating the VCFSE sector’s value in creating positive change within Somerset communities. Ultimately, robust social value and sustainability measures strengthen the case for investment in community-focused efforts, amplifying the reach and effectiveness of services that benefit society.
The Social Value Engine has been chosen as the preferred tool for measuring and understanding the impact of the VCFSE sector across Somerset.
Spark Somerset will be leading on the implementation of the tool, which will initially use output and mapping data provided by an increasing number of organisations contributing to the hub.
If you’d like to find out more or get involved, please click the enquiries button at the bottom of this page to contact us.
Social Value Measure Tools Being Investigated
The Social Value Engine was jointly developed and is co-owned 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 secure wider social, economic and environmental benefits.
The engine works alongside and has incorporated the Social Return on Investment (SROI) methodology and the eight Social Value International principles.