Social value - Paul's blog
Everyone knows that HIAs do great things. People tell me all the time about great things that a local HIA has done for them or someone they know. These anecdotes make excellent case studies, but how much impact do they really make on the rest of society? How do you measure the benefit of changing a lightbulb, fitting a grabrail, installing a stairlift or repairing a boiler?
Since the introduction of the Social Value Act in 2013, all public bodies have been under a duty to consider the wider social, economic and environmental benefits of everything they commission. In turn this is seeing social value becoming more prominent in recent tenders. And for housing providers, the Homes and Communities Agency is giving increased importance to the social value of services in their value for money assessments.
The good news is that tools are being developed that allow you to identify which organisations do benefit from the work you do, and by how much – all backed up by robust evidence from large datasets.
Of course HIAs have been using the Handyperson Financial Benefits Toolkit for years, but there’s now an opportunity to refresh the evidence base and increase the range of services covered. If you’re interested in finding out more, we’re running a free workshop in partnership with the Housing Association Charitable Trust (HACT) on 25th February.
Commissioners are now seeing Social Value as a real differentiator when deciding where to invest. When they ask, can you say what your Social Value is?