Dave McGuinness, SVB Specialist with 30 years’ experience in placemaking and community development, was assigned to the project and started by undertaking a Gap Analysis for Dream Big Sports.
A Gap Analysis provides an ideal starting point for clients needing to understand their social value position. For this organisation’s leadership, it revealed the journey they needed to undertake to establish a robust social value position within the UK and reduce the gap with competitors.
The analysis included a desktop overview of competitors’ value propositions, engagement of key people to assess social value awareness and skills, and the review of hidden value within the supply chain.
Armed with a clear assessment and roadmap, Dave then worked with Dream Big Sports to help the team advance its social value position. This included:
- Developing a framework and associated tools to enable DBS to capture, monitor and measure impact and value in alignment with contract/organisation requirements.
- Calculating the value of the organisation’s commitment per contract
- Creating a dashboard that captures and provides insight into the ‘live area’ areas of impact and value.
Dave used his specialist knowledge to ensure alignment with industry-recognised tools and standards – including the National Theme and Outcome Measures (TOMs), Social Return on Investment (SROI), and local value principles to calculate the retained economic benefit (Local Multiplier).
He also delivered a 4-stage Development Programme designed to help the team raise awareness, build skills and knowledge and develop confidence in Social Value. The training covered Strategic Focus, Stakeholders, Social Value Mapping and Technical Reporting.