1. What is Social Value in UK Money?

Social Value in UK Money measures the monetary benefits generated per pound of investment. It helps quantify the financial return on social investments and is widely used in public sector procurement and social impact assessments.

2. How Does the Calculator Work?

The calculator uses the social value formula:

Where:

• Monetary Benefits — Measured in GBP (£)
• Investment — Measured in GBP (£)

Explanation: The ratio shows how many pounds of social value are created for each pound invested.

3. Importance of Social Value Calculation

Details: Calculating social value helps organizations demonstrate their impact, secure funding, and make data-driven decisions about resource allocation.

4. Using the Calculator

Tips: Enter both monetary benefits and investment amounts in GBP. Values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What counts as monetary benefits?
A: Includes cost savings, increased income, reduced public service costs, and other quantifiable financial benefits.

Q2: What is a good social value ratio?
A: Ratios above 1 indicate positive return. Public sector projects often aim for 3:1 or higher.

Q3: How is this different from ROI?
A: While similar, social value includes broader societal benefits beyond direct financial returns.

Q4: Can this be used for grant applications?
A: Yes, many funders require social value calculations in applications.

Q5: Are there UK standards for this?
A: Yes, the UK government's Social Value Model provides guidance for public sector procurement.