Wiseup’s independent valuation by HACT finds our programmes generate nearly £1 million in indicative social value

Wiseup is thrilled to share our recent social value assessment by HACT found that the value of our mentoring, confidence-building and work experience Pathfinder programmes has created £939,692 in indicative social value.

This fantastic achievement is the culmination of 3+ years’ programmes with our dedicated business partners, whose teams' commitment, expertise and time have made this possible.

HACT’s social value findings

Earlier this year, Wiseup sought the independent evaluation of HACT to outline the core metrics of our programmes, which are designed to enhance the confidence, skills and career readiness of the young people involved.

Through the Pathfinder Programme, Wiseup connects young people with trained employee mentors and creates structured opportunities to experience the world of work. Alongside one-to-one mentoring, students take part in workplace experiences that help them explore different career paths, develop their understanding of professional environments and build the confidence and skills needed for their future careers.

As a result of these activities, the HACT assessment identified three key areas of social value that were outcomes from our programmes. The indicative estimates included:

• £731,012 linked to increased confidence
• £134,674 linked to mentoring
• £74,006 linked to gaining advice

The assessment was undertaken by HACT using its wellbeing-based social value approach, aligned with HM Treasury’s Green Book. The methodology uses financial proxy values to estimate the value associated with outcomes such as confidence, mentoring and access to advice.

HACT based its calculations on the available programme data, alternative evidence sources and stated assumptions.

The assessment has provided Wiseup with a useful baseline for understanding the potential value of our programmes, as well as identifying opportunities to strengthen future impact measurement.