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A Social Value toolkit for Milton Keynes Council:A guide to delivering Social Value within our communities for the benefit of all. Table of Contents What is Social Value? ..................................................................................................................................................................................................................

How to fill out a social value toolkit

How to fill out a social value toolkit

1. To fill out a social value toolkit, follow these steps:
2. Familiarize yourself with the social value framework. Understand the purpose and goals of the toolkit.
3. Gather all the relevant data and information required for the toolkit. This may include financial data, impact assessments, stakeholder engagement results, and performance metrics.
4. Begin by identifying the scope and objectives of the project or initiative for which you are filling out the toolkit.
5. Assess and measure the social, environmental, and economic impacts of the project or initiative. Use appropriate tools and methodologies to quantify and qualify these impacts.
6. Evaluate the positive and negative outcomes and impacts of the project or initiative. Consider both the immediate and long-term effects on stakeholders, communities, and the environment.
7. Calculate and assign monetary values to the identified impacts. This allows for better comparison and decision-making.
8. Organize the collected data and findings into the prescribed sections of the social value toolkit. Follow the provided guidelines and templates, if any.
9. Review and validate the completed toolkit with relevant stakeholders and experts. Incorporate their feedback and make necessary revisions.
10. Share the finalized social value toolkit with relevant parties, such as investors, funders, regulators, and the public.
11. Regularly update and maintain the social value toolkit as new data and information become available or as the project progresses.

Who needs a social value toolkit?

1. A social value toolkit is beneficial for various individuals and organizations, including:
2. - Project managers and developers: They can use the toolkit to assess and demonstrate the social impact of their initiatives.
3. - Companies and corporations: The toolkit helps them measure and communicate the social value generated by their activities.
4. - Investors and funders: The toolkit enables them to evaluate the social performance and impact of potential investments.
5. - Non-profit organizations: They can utilize the toolkit to showcase the social value created by their programs and projects.
6. - Government agencies and policymakers: The toolkit assists in implementing evidence-based policies and measuring their societal benefits.
7. - Community and grassroots organizations: They can use the toolkit to assess the social value of local projects and advocate for positive change.
8. - Researchers and academics: The toolkit provides a standardized approach for studying and analyzing social impact.
9. - General public and stakeholders: The toolkit promotes transparency and accountability by making social impact information accessible and understandable.

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What is a social value toolkit?

A social value toolkit is a framework used to measure and report the social impact of projects or organizations.

Who is required to file a social value toolkit?

Organizations or projects that are looking to assess and communicate their social value are required to file a social value toolkit.

How to fill out a social value toolkit?

To fill out a social value toolkit, organizations need to collect data on their social impact, analyze the data, and report the findings in a structured format.

What is the purpose of a social value toolkit?

The purpose of a social value toolkit is to help organizations understand and communicate the social value they create through their activities.

What information must be reported on a social value toolkit?

Information such as the social impact objectives, data collection methods, analysis process, and key findings must be reported on a social value toolkit.