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What is Social Value?

What is social value? Social value is the quantification of the relative importance that people place on the changes they experience in their lives. Some, but not all of this value is captured in market prices. It is important to consider and measure this social value from the perspective of those affected by an organisation’s work.

Examples of social value might be the value we experience from increasing our confidence, or from living next to a community park. These things are important to us, but are not commonly expressed or measured in the same way that financial value is.

At Social Value UK, we believe that social value has a huge potential to help us change the way we understand the world around us, and make decisions about where to invest resources. By changing the way we account for value, we believe that we will end up with a world with more equality and a more sustainable environment. You can join us on this journey by becoming a member.

We believe anyone can start to account for their social value, no matter the size of the organisation or the amount of resources available. Click on the following links to find out more:

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Jennifer Jefferson now a Level 1 Associate Practitioner
Social Value UK are proud to announce that our member, Jennifer Jefferson, has achieved Level One Associate Practitioner status. Ahead of this announcement,…
Social Value UK are proud to announce that our member, Joanne Bannister, has achieved Level One Associate Practitioner status. Joanne Bannister is the…
What we learned from our Sectoral Conference on Social Value and…
Our second private sector conference started by discussing what sustainable development is and what it means for people. With the image and personal story…