Social value is a key consideration for the built environment, but it’s still frequently overlooked. Many surveying and valuation practitioners either ignore it completely or adopt a rather narrow interpretation of the Red Book/International Valuation Standards.
One year ago, The Lancet published the findings of its Commission on Pollution and Health. The report should have resulted in immediate action by governments and regulators on a worldwide basis.
It’s been a while since the Financial Times (October 16th, 2017) reported that the UK National Advisory Board for Impact Investing (a group of charities and investors), asked the government to come up with a £2bn catalyst fund to ‘jump-start private sector investment in economically-deprived communities’.
March 2018 saw us complete our work on a report written in association with International Law Firm Trowers & Hamlins and its Working Group to make the case that the greatest financial return on investment is achieved by creating buildings and places in which people and communities thrive.
There have been many attempts to define the components that together make up places that support people and the environment.
We were invited to speak on BBC Radio5Live recently.
This is a summary of the key points and next steps that came out of the two group events RealWorth held under the auspices of Social Value UK in London and Manchester in May and June 2017.
RealWorth has been advising on the economic and social value delivered on a major regeneration project in Manchester.
Following our well attended and inspiring evening in London in mid-May, RealWorth is holding its second event revealing how the Built Environment can be used to create lasting social value and be a positive force for good.
There are a few tickets remaining for our event on Social Value in the Built Environment which is co-hosted by specialist regeneration developer U+I and Social Value UK.
How to align the interests of private and public sectors with the aspirations and needs of local citizens, businesses and communities.
We are delighted to have begun work with Mersey Recycling and Waste Authority to help them measure and improve the social and environmental value created by their Behavioural Change Programme.