Our Social Value
At Pine Court Housing Association we are driven by our mission to ‘create opportunities and change lives’ and recognise our role as a key contributor to the social and economic development of the Liverpool City Region.
We have a vision of a better future for our thriving, inclusive communities and our Community Development Fund supports local community projects that enhance the quality of life for our customers, making a real difference to the neighbourhoods they live in.
What is social value?
Social Value involves looking beyond the price of each individual contract and looking at the collective benefit to a community.
We ask ourselves, ‘If £1 is spent on the delivery of services, can that same £1 be used, to also produce a wider benefit to the community?’
For example, we work closely with our customers and community partners to celebrate Lunar New Year through a series of events such as dragon dancing, refreshments, local arts. In return, this improves our communities, creating opportunities for customers to recognise their mutual interests.
Social Value can be in the form of:
- Customer and Community Engagement Activities
- Charitable and Community Events
- Sponsorships and Donations
- Volunteering
- Training and Development
- Enterprise Advisor and Local School Encounters
- Employment, Apprenticeships & Work Placements
- Environmental Impacts i.e. protection, reducing co2
Why do we do it?
There are several reasons why we contribute to Social Value which in turn adds value to society and has positive impacts on future generations. Here are some of the reasons:
- Supports our Groups Purpose “Create Opportunities and Change Lives”
- Maximises of Value for Money to client and customers
- Partnership working
- Positive impact to Sovini’s reputation and external growth
- Creating employment and opportunities (apprenticeships, work experience placements, training etc.)
- Empowering communities
- Regulatory Compliance
- Supporting and investing in our communities we operate within
- Make a difference to people’s lives and environments
- Contributing to better quality of life
- Helps customers including vulnerable customers
- Supports reducing poverty
- Supports local community, environment and our Sector
How do you measure social value?
Social value is a way of measuring the additional benefit to the wider community, over and above the delivery of our standard service.
We use the Housing Association Charitable Trust (HACT) Social Value Tool Kit to independently verify the impact our services and activities have on the local community. We also measure the effectiveness and social value of the community initiatives we support through our Community Development Fund via HACT’s Social Value Calculator.
£1.2 million generated in 2022/2023
The HACT certification process has evidenced that Pine Court Housing Association generated over £1.2m in social value for the 2022/23 financial year.
Take a look at our annual social value report
This page was last updated on 10/11/2024