Inclusive economies (economic development)
Social Value
Social value is the positive impact that organisations and businesses can have on communities, beyond just making profit. For example, they can inclusively support local jobs, improve local environments, and help reduce inequalities through their work. An evidence summary was carried out to understand what local authorities are doing around social value. Report | What are other local authorities doing around social value?
Coventry City Council are working to improve knowledge about the impact of social value on people. The HDRC team have delivered workshops about capturing the impact of social value, including an approach called Ripple Effects Mapping. The HDRC team also carried out surveys and interviews to understand the impact of social value initiatives on local people and employers, in 2025 and 2026.