Social Value
The positive economic, social, and environmental impact that we have on society.
This is the first report of its kind produced by us, as a way of identifying how communities across North Wales have benefitted from all the development and maintenance work carried out, as well as services to support tenants.
The social value element reflects the positive value the business created for the local economy, communities and wider society.
What does social value mean to us?
At Adra, we want to make the most of our spending, investing and activities to create additional, long-term value for the people within our communities.
Our Social Value Priorities
• Keeping our spend local
• Creating work opportunities for our tenants and the people who live in our communities
• Protecting and promoting the Welsh language
• Reducing our carbon footprint
Our Corporate Priorities
1. Provide an excellent customer experience
2. Provide quality homes to be proud of
3. Decarbonising our homes
4. Supporting people and communities to thrive
5. Strengthening our business
The 7 Wellbeing Goals
As a Welsh Housing Association, we also consider our contribution towards achieving the 7 Wellbeing Goals identified within the Wellbeing of Future Generation (Wales) Act 2015, and the Five Ways of Working outlined within the Act.
The five ways of Working
Long-term |Prevention | Integration | Involvement | Collaboration
Total social value 2022/23 = £5,751,074
As a business, we are now two years into our social value journey. Since we started looking at how we could capture our social and added value in 2021, we have appointed a Social Value Co-ordinator and have attempted to mainstream social value across the business and embed it into everything that we do.
Our aim is to continue this journey and improve the way we capture the added benefit that our activities create for our tenants and partners, year on year.
134 people supported into employment and training
£16,916 of grants given to local community groups
19,281 repair requests completed in our homes
10% of our fleet fully electric or hybrid