Using the HACT Social Value Insight tool, the Social Value Hub at CHEME offers support, advice, training and consultancy to organisations to measure and communicate the positive changes they are creating for people and the environment. It is co-directed by Dr Ned Hartfiel and Professor Rhiannon Tudor Edwards, drawing on the expertise of a wider network of colleagues and an advisory board.
The Social Value Hub can provide organisations with a framework for measuring change in ways that are relevant to stakeholders. Using qualitative, quantitative and financial methods, we produce robust social value analysis that tells the story of how change is created for the people who experience an organisation’s activities and programmes.
By measuring and monetising an organisation’s social, environmental and economic outcomes, we can calculate a social value ratio comparing benefits and costs. A benefit-cost ratio of 3:1, for example, indicates that an investment of £1 creates £3 of social value.
We have worked with a range of organisations across the public and third sectors, including local authorities, the NHS and the National Institute for Health and Care Research (NIHR). To find out how the Hub could benefit your organisation, contact us.