Social Value Engine

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Platform

Frequently Asked Questions

These are the answers to some of the most common queries regarding the Social Value Engine. Have a question that isn’t answered in the FAQ below? Then please get in touch on our contact page.

Questions and Answers

What is the Social Value Engine?

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.

How does the Social Value Engine work?

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.

Who can use the Social Value Engine?

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.

How do I register for the Social Value Engine, and what are the costs?

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.

Can the Social Value Engine be used for any type of project?

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.

How are social value outcomes measured and reported?

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.

What support is available for Social Value Engine users?

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.

How does the Social Value Engine ensure data accuracy and reliability?

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.

Can the Social Value Engine help with project planning and evaluation?

Yes, the Social Value Engine is an effective tool for both planning 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.

I have another question. How do I contact you?

We’d be happy to help. Please contact us on this page, and we will get back to you shortly. 

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Social Value Engine
Company number 14441082


UK/England Base:

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Lincoln
LN1 1UH

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