Morden Wharf is an upcoming mixed-use development by London-based developer U+I on the Greenwich Peninsula. The proposals contain 1,500 homes, 20,000 sq ft of community space (including a children’s nursery), a 3.9 acre Riverside Park, 200,000 sq ft of commercial space, 50,000 sq ft of retail space, a mobility hub, and an opening up of the Thames Path.
In November 2020 U+I approached RealWorth to conduct a social value analysis of the development to support the outline planning application. To deliver the report, RealWorth conducted a select number of stakeholder interviews, supported by a review of socio-economic conditions in the local area and an understanding of the aims of the local authority.
RealWorth and U+I collaboratively contributed new features to the existing scheme that would maximise the social value created. Then a social value calculation was conducted using outcomes, indicators and proxies that indicated the total value of the scheme.
The report was used by U+I to communicate to the local authority, and other stakeholders, the value of this development.
RealWorth’s report was used to support the outline planning application process, and the scheme was granted outline planning permission in September 2021.