Understanding how to measure the costs, benefits and value created by arts and health interventions
Big Pit National Coal Museum, Blaenavon
Wednesday 11 September, 10:00 am – 1:00 pm
Ardudwy Meeting Room, Ardudwy Building, Bangor University
Wednesday 2 October, 10:00 am – 1:00 pm
In a climate of limited budgets and structural reform of local authorities, it is necessary to gain more understanding of what people value when deciding how to allocate resources.
Traditional cost-effectiveness evaluation methods may not capture the full value of activities such as art initiatives that aim to improve health and wellbeing, as the benefits can be hard to quantify and can affect not just the person taking part but also the people in their wider network.
Social return on investment (SROI) analysis is a framework which seeks to establish the broader social value generated by an initiative through evaluating its impact on the economy, the environment and its people.
This workshop will give an overview of what social value is and why it is important to measure the costs, benefits and value created by interventions; followed by a guide to the steps involved in conducting an SROI analysis using case studies and interactive groupwork exercises. The training will be delivered by Ned Hartfiel, Carys Jones and Eira Winrow from the Bangor University Social Value Hub.
£35 organisations/local authorities/health boards
£25 freelance practitioners
Light refreshments only
Limited spaces, early booking recommended (Book your place via the form below)
WAHWN would like to thank Bangor University and National Museum of Wales for hosting these workshops.
Carys is a Research Fellow at the Centre for Health Economics and Medicines Evaluation (CHEME) at Bangor University. After obtaining a BSc. in Economics from the University of Warwick, Carys Jones joined Bangor University in 2009 to undertake a PhD in Health Economics, studying quality of life measurement for family carers of people with dementia. After completing her PhD, Carys has remained as a researcher at CHEME and has worked on several studies focusing on dementia, aging and measuring value.
Eira is a Research Officer at the Centre for Health Economics and Medicines Evaluation (CHEME) at Bangor University. She has a 1st class BA (Hons) in Health and Social Care and Social Policy, and an MA in Policy, Research and Evaluation. In addition to her work at CHEME, Eira is completing a PhD in Health Economics, with a focus on housing and health in the UK. Her research interests include Qualitative Research in Health Economics, as well as Health Economics in Housing, Domestic Violence, and Social Interventions.
Ned is a Research Officer at the Centre for Health Economics and Medicines Evaluation (CHEME) at Bangor University. After obtaining an MSc in Public Health and Health Promotion at Bangor University, Ned completed a PhD in Health Economics in 2016, which included a social return on investment (SROI) analysis of an innovative yoga-based intervention for reducing back pain and improving wellbeing for NHS staff. Ned is currently evaluating several SROI projects for Conwy County Council, Gwynedd County Council and the Welsh Assembly Government.
About the Social Value Hub at Bangor University
What we do
The Social Value Hub at Bangor University offers advice, support, training, consultancy and assistance with bid writing to help organisations identify, measure, and value important outcomes experienced by stakeholders.
With extensive experience in health economics, the Hub produces bilingual social return on investment (SROI) reports which incorporates social and environmental outcomes into traditional cost-benefit analysis (CBA). Our aim is to develop the toolbox of health economics, recognising social value generated across sectors.
Our approach involves working with organisations to understand what has changed and to value those changes. We follow the seven principles of SROI, which enables us to compare monetised benefits with relative costs. A benefit-cost ratio of 3:1, for example, indicates that an investment of £1 creates £3 of social value.
For more information, visit socialvalue.bangor.ac.uk