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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:

Blog

‘The Real Cost of the Cost of Living Crisis’ –…
We are alarmed at the devastation the cost of living crisis is creating and wonder… 1: What is and will be the real cost to individuals, families…
Our CEO joins the Social Value Leaders’ Summit
Written by Isabelle Parasram, CEO of Social Value UK. It was lovely to catch up with social value leaders last week – some of whom I’d met…
Mott MacDonald join SVUK as Social Value Pioneers!
Social Value UK is proud to announce Mott MacDonald have joined us as a Social Value Pioneer! Ahead of their joining, Social Value UK spoke to them about…