What is the Social Value Portal?
The Social Value Portal is the UK’s first on-line geospatial meeting place for Business, the Public Sector, Charities, Social Enterprises and Communities. The Social Value Portal has been designed to bridge the gaps in our collective knowledge, to become ‘the place’ where Business comes to learn about social value; understand public sector targets; listen to communities and meet third sector providers in order to promote better business and new social partnerships.
‘’ The Public Services (Social Value) Act requires Public Authorities to consider Social Value in the procurement & commissioning of their services and has the potential to transform the relationship between Business, Civil Society & the Third Sector’’ Hazel Blears MP
Social Value Measurement
So what is social value and how can it be measured?
In simple terms, Social Value may be defined as the net financial and non-financial value created by an organisation through its core business and community activities.
Unfortunately there is no one set way of measuring your social value creation and the sector is obscured by a white fog of possible solutions with over 1000 social impact metrics worldwide. The Social Value Portal offers you guidance on how to plot your path through this seemingly complex and often contradictory landscape. We also provide you with practical examples of some simple, cost effective and proven measurement techniques that you may employ to develop your strategy and to measure your social value such as Social Value Accounting, Social Return on Investment (SROI: 2002) and the Social Earnings Ratio (S/E: 2011).