Social value publications

Here are the publications we've published around social value.

Valuing improvements in mental health: Applying the wellbeing valuation method to WEMWBS

Published: September 2017

Authors: Lizzie Trotter, Mary-Kathryn Rallings Adams, Daniel Fujiwara, Kieran Keohane, Vicky Clayton

HACT and Simetrica, applied the wellbeing valuation approach to movement within the Warwick-Edinburgh Mental Wellbeing Scale (WEMWBS). The resulting values can be used to assess the value of moving between any two points in the (short) WEMWBS scale.

'Mental Health and Life Satisfaction: The Relationship between the Warwick Edinburgh Mental Wellbeing Scale (WEMWBS) and Life Satisfaction' (detailed report)

Published: September 2017

Authors: Daniel Fujiwara, Kieran Keohane, Vicky Clayton, Ulrike Hotopp

This paper sets out the methodology and analytical approach underlying the work to use the wellbeing valuation method to measure the value to society of changes in mental health as measured by the short Warwick-Edinburgh Mental Wellbeing Scale (WEMWBS).

Valuing Housing and Local Environment Improvements using the Wellbeing Valuation Method and the English Housing Survey

Published: January 2017

Authors: Jim Vine, Mary-Kathryn Rallings Adams, Christina Knudsen, Ricky Lawton, Daniel Fujiwara

Using Wellbeing Valuation, this project analysed data collected through the English

Housing Survey. The approach enables monetary values to be placed on the impact of housing provider activities around core housing; it does this by investigating the

associations between attributes of the home, including its surroundings, and individual wellbeing.

Social value and procurement: A toolkit for housing providers and contractors

Published: June 2016

Authors: Mary-Kathryn Rallings, William Howard, Andrew van Doorn

This new toolkit is user-friendly and easy to navigate, with step by step guidance, detailed guidance on relevant legislation, and an extensive Tool Bank, containing examples, templates, checklists and resources that cover the life cycle of the procurement process.

Comprehensive value assessmentComprehensive value assessment: Working paper

Published: February 2016

Author: Jim Vine

Working paper outlining a potential matrix visualisation approach to help identify the range of ways social housing providers’ activities generate value.


Social Value in Harder Times: January 2016 Conference report

This is a report has been produced following on from our conference 'Social Value in Harder Times' organised in partnership with the Northern Housing Consortium on 21 January 2016.  

The Wellbeing Value of Tackling Homelessness

Published: September 2015

Authors: Daniel Fujiwara, Jim Vine

This research breaks new ground in exploring key issues around homelessness using rigorous statistical methods to place monetary values on the impact of tackling homelessness. A new large longitudinal dataset – Journeys Home – was used, enabling us to assess the impact of moving between different housing statuses on life satisfaction and the effect of accessing support services on housing status.

The health impacts of housing associations' community investment activities

Published: May 2015

Authors: Lizzie Trotter, Jim Vine, Daniel Fujiwara

In the earlier work, the analysis controlled for the effects of health, calculating values that represented the direct effect of outcomes (such as gaining employment) on people’s wellbeing. However, many outcomes might also improve people’s wellbeing indirectly, by improving their health, which in turn improves their subjective wellbeing.


Linkages paper

Published: February 2015

Author: Ben Carpenter

This paper sets out the relationship between Social Return on Investment (SROI) and HACT’s Social Value Bank (and accompanying tools the Value Calculator and Value Insight). The paper aims to clarify some small areas of divergence and promote the strengths of our resource and the compatibility with the SROI approach to measuring and managing social value.


Social Value Bank: Practice Notes

Published: October 2014

Author: Lizzie Trotter

These Practice Notes have been produced to capture and reflect the learning since the launch of the original guidance ‘Measuring the Social Impact of Community Investment: A Guide to using the Wellbeing Valuation Approach’. Please read these Practice Notes and adhere to them when applying the Social Value Bank either through the Value Calculator or Value Insight.

Measuring the Social Impact of Community Investment: A Guide to using the Wellbeing Valuation Approach

Published: March 2014

Authors: Lizzie Trotter, Jim Vine, Matt Leach, Daniel Fujiwara

This report places robust values on the social impact of community investment activities. It includes values as well as practical guidance on how to apply them to achieve a basic assessment of social value.

Measuring the Social Impact of Community Investment: The Methodology Paper

Published: March 2014

Author: Daniel Fujiwara (Director of SImetrica and Economist at the London School of Economics)

This paper sets out the methodology and analytical approach underlying HACT’s work on social value. The paper explains the Wellbeing Valuation approach, provides details of the datasets that the analysis draws on, describes the statistical method in technical detail, and introduces the broader theory behind social impact 

The social impact of housing providers 

Published: February 2013

Author: Daniel Fujiwara

As housing providers move from an era of top-down regulation and directed investment towards greater autonomy and diversity of approach, defining social purpose and measuring the extent to which they are achieving impact is becoming increasingly important. 

In the summer of 2012, with support from Plus Dane Group and Legal & General, HACT sought to establish robust methodologies and metrics for more effectively evidencing the social impact of housing providers.  This research has been carried out by Daniel Fujiwara, a leading academic in the field of well-being valuation, who has been a principal advisor to DWP, HM Treasury, BIS and Cabinet Office in the development of their social impact valuation methodology. 

The social impact of housing providers - a summary report

Published: July 2013

Author: Erica Cawood

This report is an 8 page summary of 'The social impact of housing providers' commissioned by HACT and written by LSE Economist Daniel Fujiwara.  This summary condences the the main themes and ideas from the full report.  Click here to access the full report.

Community investment for social housing organisations: measuring the impact. 

Published: March 2012

Authors: Vanessa Wilkes and Professor David Mullins

This research, undertaken by TSRC and commissioned by HACT, provides an up to date picture of the measurement tools being used by housing organisations to measure the social impact of community investment activities. It shows wide variation in the approaches used.

While there is general recognition of the importance of measuring impact, there are also concerns about cost, approach and potential duplication. The report will enable more sharing of evidence about different approaches to impact measurement and what works in terms of community investment.

HACT summary of 'Community investment for social housing organisations: measuring the impact'. 

Published: 15 March 2012

A shortened summary of the full report which highlights the main research findings of the commissio


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