Clarion Futures, Sovereign, and Fusion21 have been confirmed as the first investors in HACT’s social value roadmap.
“As pioneering organisations, they have demonstrated their commitment at the forefront of social value measurement and implementation,” said Andrew van Doorn, chief executive of HACT.
“Their involvement signals that social value measurement within social housing is not only important for social housing organisations – it’s critical for organisations investing in us and working with us. Together, we can deliver the future of social value in social housing.”
The social value roadmap was launched in September 2020, and was developed by the UK Social Value in Housing Taskforce, which comprised 17 organisations including social housing landlords and the Regulator for Social Housing.
HACT’s roadmap will see the social housing sector use social value information to improve services, enhance decision-making, and increase impact.
‘Long-standing social change’
Matt Buckham, Communities director at Sovereign, stated: “We’re proud to be sponsoring the Social Value Roadmap and recognise the importance of the sector working collaboratively to standardise our approach, so that social value information can be used to measure impact and improve performance, therefore enhancing our governance mechanisms.
“The roadmap will ensure we get a holistic view of social value across all of Sovereign’s activity.”
Phil Miles, director at Clarion Futures, said: “As champions of social value assessment, we’re delighted to be involved in this pioneering project that will enable the sector to use social value assessment to improve services, enhance decision-making, and increase the impact we make.
“The roadmap not only includes expanded wellbeing values, but also environmental and economic values, which will be increasingly important with the drive towards carbon-zero homes.”
Mark Chadwick, director of Business Services at Fusion21, said: “Ensuring we continue to deliver long-lasting social change in the communities we work in, Fusion21 are delighted to be supporting HACT to deliver this roadmap to help the future of social value in the social housing sector – we’re looking forward to seeing the impact it has.”
Work on developing and implementing the roadmap will begin in 2021, and HACT is currently discussing involvement with over 30 different organisations – from inside and outside the social housing sector.
The roadmap for social value has been developed by the UK Social Value in Housing Taskforce, which included:
- CHP
- Clarion Futures
- Communities that Work
- Community Housing Cymru
- Engie
- Fusion21
- The Guinness Partnership
- HACT
- Imani
- Keep Moat Homes
- L&Q
- Longhurst Group
- Morgan Sindall Property Services
- Northern Housing Consortium
- National Housing Federation
- Regulator of Social Housing
- Scottish Federation of Housing Associations
- Simetrica-Jacobs
- South East Consortium
- TPAS
- Trower and Hamlins
- WHG
- Further information on the social value roadmap
Image: SmartPhotoLab/Shutterstock
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