Foreword IN4 Group is absolutely committed to driving Social Value and local economic benefit through all of its activities across the three pillars of skills, innovation and start-ups. Its focus is across key second cities in large towns, working to unlock the potential of new technology talent to drive prosperity and growth for businesses and communities. It delivers outcomes through operating skills and innovation environments such as HOST, the Home of Skills & Technology in MediaCity, Salford. Social Value Business is an independent Social Value specialist and has been commissioned by IN4 Group to map, measure and forecast the impact and value it has created through its programmes and activities. What is Social Value? A universal description of what Social Value is has yet to be fully defined. However, for this document: ‘Social Value is the quantification of the relative importance that people place on the changes they experience in their lives.’
Contents
Executive Summary.......................................................................................................................3 About IN4 Group .............................................................................................................................. 4 Evaluation Methodology.......................................................................................................... 4 Method........................................................................................................................................................ 5 Data Review.........................................................................................................................................6 Scope .......................................................................................................................................................... 6 Stakeholders......................................................................................................................................... 7 Partnerships......................................................................................................................................... 8 Inputs .......................................................................................................................................................... 8 Outputs..................................................................................................................................................... 9 Diversity and Inclusivity ........................................................................................................ 10 Outcomes and Impact................................................................................................................ 11 Local Value ......................................................................................................................................... 16 Forecasted Value ............................................................................................................................ 17 Appendix............................................................................................................................................... 18
Richard Dickins Founder of the Social Value Quality Mark
© Social Value Business 2022. Published by Social Value Business, Rutherford House, Warrington Rd, Birchwood, Warrington WA3 6ZH Email: info@socialvaluebusiness.com
2 | Social and Local Value 2022
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