GoodMeasure
Results

Prepared for
McKenzie Centre​

24th July 2024

+



McKenzie Centre is dedicated to enabling children with disabilities and their whānau to have great lives through realising their child's potential.


How ImpactLab defines social value

Social value is the estimated social impact in dollar terms that a programme achieves for participants over their lifetime.

Throughout our lives, different events occur that impact our overall wellbeing journey. ImpactLab measures the impact on an individual’s wellbeing across multiple domains when they’re supported by a programme to make positive changes in their life.​

We measure this impact in terms of both positive benefits (such as increased income) and avoided costs to government.​

To calculate social value, we combine these impact values with:​

  • evidence from global literature about how effective a programme can be;
  • the size of the opportunity for the people a programme serves to achieve more positive outcomes; and​
  • the number of people supported.

By combining these inputs, the social value calculation helps us understand how a programme or intervention helps change lives for the better. We combine the social value with cost information to calculate a programme’s social return on investment.


The four key components to measure social value

Outcomes

What positive long-term changes in participants’ lives does McKenzie to create?

Effectiveness

What academic evidence is there about how effective a programme like McKenzie Centre can be at achieving those changes?

Population

How many people does McKenzie Centre reach, and how many engage long enough to meaningfully benefit?

Opportunity

Who does McKenzie Centre serve, and what is the opportunity to make a difference for those people?


= Social Value