Social Value is a broad and complex concept. In the context of real estate and development, it is influenced by physical and spatial condition of places, as well as how places are managed and how businesses operate during design and construction stages.
COCREATIF specialises in "place-based" social value - the values that are linked to the location and design of assets and developments. We focus on creating and optimising socio-economic outcomes of developments through asset transaction, planning and design and asset management.
Our support addresses three key areas for change - Strategy, Operation and People - in the three steps described below.
We develop socio-economic outcome objectives through a workshop or a series of meetings with client teams, for a single asset or as a generic framework.
These objectives are tailored to project or organisational priorities.
This exercise helps review the current practice at the corporate level and identify opportunities to increase social value/impact.
We develop measures against the agreed objectives.
Measures can be tailored to clients' capacity and resources e.g. data and data science skills.
These measures will help clients ask the right questions at the right stage. We focus on a minimum set of measures required to optimise socio-economic outcomes.
We support implementation of these measures in individual projects.
This involves adjusting measures, reviewing the results, making recommendations to optimise socio-economic outcomes through projects and advising on potential organisational changes.
Our client and partner engagement will help capacity building for implementation.
We work with clients across sectors through the whole lifecycle of the built environment.
Below is a summary of benefit and applications of our service in different business areas.