Analysis of Broader Economic and Social Value Generation
We have substantial experience of assessing elements of the broader economic and social value generated by universities, beyond the impact of their expenditure alone. This includes:
Using social cost-benefit analysis techniques to estimate the broader value of what universities and colleges do and what they produce.
Capturing the value of outputs that are ‘non-commercial’ or have no financial flows attached, such as those arising through public engagement and related knowledge exchange activities.
Applying appropriate social weights to the economic analysis to derive a robust indicator of the broader social value generated by university activity.
We pioneered the application of social cost-benefit analysis techniques to the valuation of university outputs. Our core approach is summarised in a report we prepared for the National Coordinating Centre for Public Engagement: Through a Glass Darkly: Measuring the Social Value of Universities (Kelly & McNicoll NCCPE 2011).
We have undertaken broader economic and social valuation in reports for a number of clients including:
University of Manchester, University of Salford, University of Westminster, University of Kent and Canterbury Christ Church University, University of Plymouth, University College Dublin, Dublin City University, the Technological University for Dublin (TU4D) Consortium as well as for Silverburn Park in Fife, Scotland (as part of a major National Heritage Lottery Fund-supported project.)
A number of these reports are available from the Other Resources page.