The measurement of social value in the built environment is a rapidly evolving area of practice. It has become a vital part of communicating and committing to social value creation across the development lifecycle.
Social value in new development identified that the difficulty in measuring social value is one of the key barriers to driving social value in new development:
“There is a lack of consistency and understanding in the definition and measurement of social value outcomes. There are a number of measurement tools being widely used across the public sector for measuring social value, however, there is not yet a common methodology for real estate, or an industry wide framework to provide consistency.”
UKGBC convened a panel of experts from across the industry, drawing together insight on the application of established and emerging measurement approaches to help address this challenge. UKGBC is seeking to provide impartial support in this area, as better social value measurement can help support the decision-making which drives high quality, sustainable development.
This guide aims to demystify the practice of measuring the social value of buildings and places, and to help organisations understand which approach is most suitable for their circumstances.