LEGITIMISING CLAIMS
There is a recognised range of external influences on the depth and causality of Social Value being delivered. These influences have been considered and were required to remove value that may not be contributed to IN4 Group but counted as they have been achieved through the delivery of the programmes.
The foundation of IN4 Group’s value is centred on learning. Therefore, the learning and corresponding change curve principles have been used. Value is spread over four years, building to a peak in year two before reducing steadily in years three and four. This reflects the diminishing relevance of earlier learning as the technology sector evolves and as new workplace knowledge, skills and experience overtake the original intervention. A key outcome from the courses is employment or future engagement within the technology sector. ONS data indicates the attrition rates within the sector are up to 30% per year. LEVEL OF DROP OFF
Drop off levels
Year 1 Year 2 Year 3 Year 4
100% 75% 50%
Deadweight - Considers what would have happened without participants having access to the course and learning provided. Therefore, in creating this report, local, regional, and national initiatives and Government policies and strategies have been considered, with an average deadweight of 11% being assigned within forecasted value. Level of Displacement - A nominal displacement percentage of 1.5% has been allocated across all activities, reflecting the assessment that the programmes created minimal negative effects elsewhere.
Level of Attribution - This relates to how much of the unweighted (pre discounting) value can be claimed by IN4 Group. The following formula has been used: Forecasted strength of partnerships + Forecasted trust level + Forecasted influence Minus 100 = Attribution. Using this approach, a 32% attribution figure has been assigned.
25%
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