Social Value Yes Yes Yes but no precise Yes. No assessed? formal tool or process Part assessed via EOI ‘Valuing Worth is identified to assess Use of mutually agreed form written by LBL (see intended as a means of with. social value tool attached documents) providing a ‘snap shot’ appropriate to the scale and in part via elements assessment of a Business Plan must of the CAT to be of the Business Plan. proposal for cover: completed by all transferring an asset as Proposed potential lessees as part Criteria for overall well as a way of impact/benefits of of the CAT assessment assessment of CAT and calculating the social the project to the process. (see page any discount to rent is value generated to be local economy, above) on the basis of: offset against the What local needs commercial rate of will the project be Key sections in Business rent. The tool assesses responding to Plan (headings for ‘How will the interests the ‘value added’ by the (who will be the which should be set in of the local community third sector beneficiaries)? the CAT policy) will also be better served by organisation and the How many will require appropriately discounted transfer activities arising from benefit within a evidenced predictions than open market sale? the transfer of the asset year (e.g. on the social, economic, by measuring them community groups, and environmental What social, economic against local and local people)? value/impact of the CAT and environmental National Indicator Evidence the and the level of benefits will be realised objectives.’ project will meet community involvement by the transfer? all the relevant and support for the (See attached requirements of CAT. How will the transfer documents for blank the Equality Act result in improvements Valuing Worth form and 2010 and assist Recommendation of use to safeguarding and an example of a Plymouth City of Your Value for short community cohesion, completed form). Council in and long leases as the provide new local promoting agreed tool for services and activities, And community demonstrating social or stimulate training cohesion. value (see page 12-13 and employment ‘The Impact Map will be above. See also opportunities? Community Benefit completed by the attached TH supporting statement to be Council and the documents for an Who will benefit from
Social Value assessed? Yes Part assessed via EOI form written by LBL (see attached documents) and in part via elements of the Business Plan. Criteria for overall assessment of CAT and any discount to rent is on the basis of: ‘How will the interests of the local community be better served by discounted transfer than open market sale? What social, economic and environmental benefits will be realised by the transfer? How will the transfer result in improvements to safeguarding and community cohesion, provide new local services and activities, or stimulate training and employment opportunities? Who will benefit from Yes ‘Valuing Worth is intended as a means of providing a ‘snap shot’ assessment of a proposal for transferring an asset as well as a way of calculating the social value generated to be offset against the commercial rate of rent. The tool assesses the ‘value added’ by the third sector organisation and the activities arising from the transfer of the asset by measuring them against local and National Indicator objectives.’ (See attached documents for blank Valuing Worth form and an example of a completed form). And ‘The Impact Map will be completed by the Council and the Yes but no precise formal tool or process identified to assess with. Business Plan must cover: Proposed impact/benefits of the project to the local economy, What local needs will the project be responding to (who will be the beneficiaries)? How many will benefit within a year (e.g. community groups, local people)? Evidence the project will meet all the relevant requirements of the Equality Act 2010 and assist Plymouth City Council in promoting community cohesion. Community Benefit statement to be Yes. Use of mutually agreed social value tool appropriate to the scale of the CAT to be completed by all potential lessees as part of the CAT assessment process. (see page above) Key sections in Business Plan (headings for which should be set in the CAT policy) will also require appropriately evidenced predictions on the social, economic, and environmental value/impact of the CAT and the level of community involvement and support for the CAT. Recommendation of use of Your Value for short and long leases as the agreed tool for demonstrating social value (see page 12-13 above. See also attached TH supporting documents for an No
Final%20TH%20Com%20Buildings%20Report%2021.7.16%20%282%29.docx