Measuring Impact Through Social Value

Discover how funders are using Social Value to understand and demonstrate impact.

Social Value looks at the social, economic and environmental benefits delivered by a business, contract, or grant, such as improved wellbeing, stronger communities, reduced inequality and sustainability. It has been used in procurement for many years and is now being used by grant funders, including members of Yorkshire Funders.

Social Value measurement uses structured methodologies, (like the Social Value Engine which East Riding of Yorkshire Council uses),to quantify the benefits projects funded bring to the local community, often assigning financial proxies to non-financial benefits.

Other social value frameworks include:

Social Value UK – not a funder, it partners with UK grantmakers (including National Lottery) to provide training, tools and standards to help embed social value methodologies.

HACT’s UK Social Value Bank – used by charities to monetise individual wellbeing improvements and state savings with standardised metrics.

Social Value Portal’s TOM System (TM) – adopted by public and private-sector funders and suppliers for measuring social value.

Impact Evaluation Standard by Thrive – used by public agencies like HMRC, The Cabinet Office and The NHS, along with private-sector partners including Kier, Mitie and Capita.

In this webinar you’ll hear from:

• East Riding of Yorkshire Council – leaders in Social Value measurement, using the Social Value Engine for over 10 years to assess every grant application and report meaningful impact.
• LNER – sharing their experience as a new adopter of Social Value recording and how it’s shaping their approach to community investment.

This webinar will cover:

• An understanding of what Social Value is and why it matters.
• Practical insights into how two member organisations implemented and used Social Value to inform decisions.
• A chance to learn how using social value tools can offer a structured, evidence-based approach to measure the impact funded activity can have on a community.
• An interactive Q&A to explore the benefits and challenges of applying Social Value in your own work.

This session is free for members to attend ( a £15 charge for non-members applies) and you can reserve a place via our Ticket Tailor page using this link.

Zoom link for this session: https://zoom.us/j/92769801661

With thanks to our 2025-26 corporate sponsors: