Relevant Authority in Value Toolkit
In the summer of 2020, Social Value UK joined forced with RICS, RIBA, CIOB and UKGBC, to become one of five Relevant Authorities for the new Value Toolkit that is being developed. The Value Toolkit, which is multi-stakeholder project lead by the Construction Innovation Hub and back by UK government funding, aims is to help built environment organisations better define, understand and manage the value created throughout the life-cycle of a project.
The model used builds on a Capitals approach, where Social Value UK has been the custodian of Social Capital – bringing together experts of our network to help define what is Social Capital and how it should be approached in the Value Toolkit.
Our role as Relevant Authority is predominately focused on the module around value definition, which is scheduled completed by the end of this year. But it is to be confirmed the next steps of our involvement and the project, which launch is scheduled for 2021. The launch will include a free digital platform, where also the tools that been developed will hosted. They are to support a client or user through three modules (incl. aspects of value definition, strategy and measurement) and to ultimately help:
“Driving better social, environmental and economic outcomes through value-based decision-making.”
Learn more about the Value Toolkit here.
Read the original SVUK announcement here.