Glenvale Park

Social Value

As well as building new homes, we know the importance of building communities.

Focusing solely on delivering new homes would overlook the transformative impact the wider redevelopment will have – the jobs, the training opportunities, the new transport connections, the environmental initiatives and the community facilities.

We are committed to ensuring that Glenvale Park delivers social value to the local community. We want to work with everyone, from individuals to organisations, to identify and deliver the maximum social value benefit. By working together, together we can make sure that Glenvale Park is a community asset for generations to come.

We have launched an online survey to inform our social value programme, asking Wellingborough residents, businesses and other organisations for your views on what should be the biggest priorities for the local community. Click here to take page in the survey.

What is Social Value?

Social value is defined as the ‘economic, social and environmental wellbeing’ that is delivered as both direct and indirect outcomes or benefits arising from an intervention, such as a new development, over a period of time. The United Nations Sustainable Development Goals are, for example, a social value charter that the UN has created for the world and provide one standard measurement tool for social value output.

Measuring social value allows us to make decisions about what we deliver for the local community, and how we do this. This means that we can make decisions which maximise the benefits of Glenvale Park for local people.

What we deliver

Glenvale Park will deliver a number of new community assets, from new affordable homes to job opportunities. For every pound spent on the construction of Glenvale Park, the development will generate £2.03 of social value for the local community, totalling more than £1.6bn once it has been built. This is in addition to nearly 900 jobs and apprenticeships created during construction and £1.1bn of community assets on the site, including two new primary schools. Glenvale Park will have a total economic impact, locally and nationally, of almost £1.5bn.

Read our blog to find out more about what social value could mean for you.