Using social value to inform community investment decisions

Dawn Clark

Community Projects Manager

Who are we?• Over 33,000 homes • Across the North West, Yorkshire and the Midlands • Your Housing Group also provides homes for sale

and shared ownership as well as Extra Care housing, sheltered and supported accommodation for older people and young adults

• Our mission is "transforming your lives and your communities"

• We do this by providing the people who live in our communities with a wide range of guidance and support services.

Community Sustainability &Regeneration

• 4 Regional Teams• Community Planning • Performance framework• 5 Strategic Themes• Move towards asset driven sustainability

model – right intervention, right place

Partnership with HACT

• Working with HACT for past 2 years:• Impact on individual wellbeing – value insight • Audit with HACT April 2015

• Executive and Board Buy In

Achievements 2014 15• £860,000 External Investment secured• 690 Volunteering hours• £31,660 raised for charity• 811 residents secured employment & training• 13,075 residents engaged in health & wellbeing projects• 4,328 older people engaged in projects• 2,106 young people engaged in projects• £1.5m customer benefit secured by Money Advice Team• 1,462 residents supported to sustain tenancies through ourv tenancy

support offer• £18m of social value created

Why use Wellbeing Valuation?

• Compliments other forms of measuring impact of projects:• Number of beneficiaries• Impact to business -cost benefit• Social Value – impact to individual• Together provide a who impact picture

• Provide evidence to stakeholders and funders of impact • Communication internally and externally what our investment

is achieving – VFM, target within VFM strategy• Identify areas of investment that deliver greatest returns • Inform future investment decisions• Focus each pound on making the greatest difference in our

communities

Example Allerdale Partnership

• Allerdale BC, Executive Members YHG and Community

• Joint Strategic programme focussing on areas of greatest need

• Aligned priorities and projects • Attracted external investment

Projects

• YHG have used Value Insight to select projects that generate social value

• Helps justify/focus on the projects that will have greatest impact

• Longer term more beneficial projects • Measure/Evidence the impact on individuals • VFM – Not just economic impact

Contractors/SuppliersPartners

• Include Social Value in our contract procurement

• Support partners to measure their social value • Help partners align priorities • VFM

Considerations• Time and effort

• Phased approach – Community projects & employment & skills, Tenancy support & money advice

• Buy in• Some projects don’t lend themselves to evidencing a

wellbeing value –limitations of questions, length of provision, need to evidence an improvement to wellbeing

• Recommend lots of testing and a gradual implementation

Thank You

Questions?