Published9th November 2015
Since 2011, HACT has been working with Daniel Fujiwara, a leading expert on social impact valuation. Daniel’s work is based on Wellbeing Valuation (WV) theory, the latest thinking in social impact measurement and an approach he helped develop for government. This guide explains the methodology and how it has been used to produce robust values for 53 outcomes. It includes values as well as practical guidance on how to apply them to achieve a basic assessment of social value.
It is meant to be used alongside the Value Calculator, which is licensed as Creative Commons Attribtuion-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0)
The Wellbeing Valuation has been used to produce the largest set of methodologically consistent values in the the world. Applying the values to a range of projects is simple, and allows for direct comparison.
By drawing on well known tools from social science, the approach produces credible evidence and even takes the counterfactual into consideration.
HACT can support any organisation to understand the approach and implement it through training, research and certification. The web-tool Value Insight can be used to simplify the process further.
“We will be able to make strategic decisions based upon this approach, directing our community investment to activities where we can maximise the positive benefits to our communities and achieve value for money where monetary outcomes are not readily available. “
Jamie Martin, Magenta Living
- Affinity Sutton
- Your Housing Group
- Church of England
- Mulalley and co.
- Sovereign Housing Association
- Symphony Housing Group
- Magenta Living
- Thirteen Group
- Liverpool Mutual Homes
- Viridian Housing