Make social value part of your business planning process
For social value to be most successful, it must be more than the simple analysis of added value delivered by the outputs of community activities. Social value can often be referred to as the total output of the association's business.
The joint Housemark and National Housing Federation publication Social hearts, business heads offers viewpoints from housing associations on the mutuality of social value and value for money drivers, which together maximise the sector’s social output. The publication offers a response to the new operating environment, which has been described as the new normal of uncertainty, challenge and risk. Citing that ‘A robust approach to value for money mitigates risk and enables delivery of social objectives and ambition-the difference between thriving and surviving’, the publication also covers meeting regulatory expectations.