Social Value

Date published: 13th July 2017

At Tuntum, we aim to provide more than just bricks and mortar.

Community is at the heart of what we do, and as well as providing homes, many of our projects and schemes are aimed at delivering what we call ‘social value’.

‘Social value’ refers to wider financial and non-financial impacts of programmes, organisations and interventions, including the wellbeing of individuals and communities, social capital and the environment.

We aim to deliver 15% of our turnover in social value. In the year 2015/16, this amounted to £1,533,996 , as calculated using the HACT (Housing Associations’ Charitable Trust) Social Value Calculator. Some of the activities we do that contribute to our social value target include:

  • Sound as a Pound Project – this project helps social housing tenants manage their finances more effectively and avoid getting into financial difficulty. 
  • Nottingham Carnival – Tuntum continues to take great pride in being involved in this project, which creates a real sense of community cohesion as a result of the diversity of its participants. It is estimated that at least 500 tenants benefit from the event by attending and taking part, and the Association gets enormous publicity each year for its involvement. The direct voluntary support from staff for this event is estimated at approximately £20,000 ‘in kind’.
  • Student Services – in collaboration with a number of universities based in the East Midlands, the Association runs a student placement scheme. Second- and third-year social work students are offered 10-80 day placements at various specialist housing projects. This enables them to link their academic studies to first-hand experience. This has a mutual benefit: Tuntum receives additional resources and students gain insights into the practical aspects of social work, and can access greater opportunities after graduation. 
  • Refugee Futures – since 2008, Tuntum has run a support service for refugees in the city of Nottingham. Whilst of immeasurable benefit to the individuals, there is a clear social inclusion benefit as these families integrate into civic life and become productive members of society. Read more about Refugee Futures here.

As part of our commitment to social value, all members of staff must spend one day per year volunteering. This year, our theme for staff social value days is “refugees, homelessness and asylum seekers.”