Frequently Asked Questions

The Social Value Engine (SVE) is a tool designed to measure, track, and evidence the social value generated by projects and investments. It employs established methodologies to convert social outcomes into financial values, assisting organisations in measuring and communicating the impact of their activities on the community.

SVE operates by applying proxy values to the social outcomes of projects or services. These proxies are grounded in rigorous research and align with UK Government guidelines. Users input data about their project, and the Engine calculates the social value in monetary terms, providing a clear and concise report.

The Social Value Engine is suitable for a wide range of users, including local authorities, community groups, voluntary sector organisations, and businesses. It is designed to be accessible and useful for anyone interested in measuring and understanding the social value of their activities.

To register for the Social Value Engine, please get in touch with us. Our website provides detailed information on subscription plans, pricing, and any available discounts or offers. Prices are standardised, but concessions may be available for multi-year licences. Please find full pricing information here.

Yes, the Social Value Engine is versatile and can be applied to a wide range of projects and services, from small community initiatives to larger projects with a wide range of stakeholders. It is designed to accommodate different scales and types of impact.

Social value outcomes are measured using a combination of direct data input by users and proxy values from the Engine’s database. Users report on the specific activities and outcomes of their project, and the Engine calculates the equivalent monetary value of these outcomes. Reports can be generated directly from the platform, offering both summary and detailed views of the social value created.

The Social Value Engine offers users comprehensive support and will ensure you are confident in using the platform for your projects. The team is available for queries and offers free training to help users maximise the benefit of the tool.

The Social Value Engine relies on robust research and methodologies to ensure the accuracy and reliability of its calculations. Proxy values are derived from credible sources and are regularly reviewed to reflect current economic conditions and social value theory. Users are also guided on how to input accurate and relevant data to ensure reliable outputs.

Yes, the Social Value Engine is an effective tool for both planning/forecasting and evaluating projects. By quantifying social value in monetary terms, it helps organisations set targets, make informed decisions, and measure the impact of their activities. It supports a strategic approach to creating social value, integrating it into project lifecycles from inception to completion.

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