Method
The seven principles have been translated into a 15-step process that has been used to research, analyse, forecast and report value.
Step 1 Map stakeholders
Step 2 Consider what stakeholders value
Step 3 Develop social commitment and indicator measures
Step 4 Stakeholder engagement and consultation
Step 5 Define what has changed for stakeholders
Step 6 Define the difference that the change(s) made (a) Education and Skills (b) Employment and Volunteering (c) Health and Wellbeing
(d) Environmental (e) Housing (f) Crime and Justice
(g) Social and Community (h) Economic
Step 7 Define where the value has been created
Step 8 Allocate a financial value
Step 9 Allocate a non-financial value
Step 10 How influential has IN4 Group been?
Step 11 Where has value been created?
Step 12 Define if it would happen anyway
Step 13 Define who else is responsible for changes
Step 14 Define if the changes cause a negative effect
Step 15 Define how long the change(s) will last
Social and Local Value 2022 | 5
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