Establish Social Value of Social Impact created jointly and individually from BMELL member organisations
Establish Social Value Created from Collaboration Activity
Results
Map Defined Social Value/Community Investment activity by BMELL member organisations
Utilise HACT online tools/Assess via HACT Wellbeing Value
SROI Valuation Ratio
Internal and External facing reports verifying scope, methodology of exchequer valuation of social value created as result of BMELL Collaboration Activity.
Resources
- Budget
- Coordinating role reporting to BMELL Exec Group
Interdependencies
- Agreement by BMELL members
- BMELL member organisations confirm alignment of individual organisational strategic plans with BMELL collaboration work plan 2022
- Partnership with HACT
Project milestones
Define scope of Social Value Calculation
Identify key stakeholders of BMELL Collaboration
Establish intended/unintended well defined outcomes
Quantify value created
Published Social Value Report