The Leisure Media Company Ltd
The Leisure Media Company Ltd
The Leisure Media Company Ltd
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
Mount Batten Group
c£65,000pa + pension + benefits
mount batten centre, plymouth
University of Warwick
£29,605 - £32,982pa + pension + benefits
Coventry, West Midlands

New Sport Value Bank promises to calculate social impact of sport

Job opportunities
University of Warwick
£29,605 - £32,982pa + pension + benefits
location: Coventry, West Midlands, United Kingdom
Mount Batten Group
c£65,000pa + pension + benefits
location: mount batten centre, plymouth, United Kingdom
more jobs

A new service aims to offer sports organisations the opportunity to accurately assess, record and value the impact of their community activities.

The Sport Value Bank (SportVB) is the brainchild of The Harlequins Foundation – the independent charity of Premiership Rugby club Harlequins – and has been developed in partnership with social value research consultancy Simetrica, Everton FC and Everton in the Community.

Organisations can access SportVB via an online portal, where they record a range of data for projects such as inputs (such as staff costs), outputs (number of participants) and outcomes (participants’ recorded self-esteem improvements).

The system then calculates the overall net social value to society and provides additional data to interpret the source of that social value.

SportVB also measures the ‘secondary benefits’ of outcomes, such as cost savings to government via reduced welfare payments or increased tax revenue. These are valued using current government data sources.

The launch of SportVB comes at a time when an increasing number of clubs, governing bodies and charitable organisations are seeking to establish the true value of sport to society.

According to Marc Leckie, head of The Harlequins Foundation, SportVB has been designed to employ "robust, internationally recognised methods" for valuing social impact, as set out by the UK HM Treasury Green Book (2018) and the Organisation for Economic Cooperation and Development guidelines.

“SportVB directly addresses the issue that so many sports organisations, clubs and foundations struggle with,” Leckie said.

“How can you accurately measure the social impact of your activities beyond top-level factors such as the number of participants or a change in behaviour?

"SportVB provides clubs with consistent and robust valuations of their impact that organisations can then use to report and feedback to their stakeholders, sponsors, funders and local partners.”

Daniel Fujiwara, director of Simetrica, added: "SportVB will for the first time allow sports organisations to measure and communicate their value rigorously and with real authority, using robust best-practice methods.

"We're truly excited by the potential of the SportVB tool to improve the impact of sports organisations across the country.”

SportVB is currently running a pilot scheme involving English Premier League football clubs, Premiership Rugby clubs, foundations and Active Partnerships.

Once the pilot is complete in early 2020, SportVB will be available to purchase as a 12-month licence, with the cost dependent on the annual turnover of the organisation.

To support the work of smaller organisations, SportVB will initially be free to those with an annual turnover of less than £250,000.

Sign up for FREE ezines & magazines
A new service aims to offer sports organisations the opportunity to accurately assess, record and value the impact of their community activities.
SAR,PLY,SAM,RES,PUB
imagesX/THUMB344566_608723_896836.jpg

More News

1 - 15 of 67,867
16 Apr 2024
Planet Fitness has a new CEO – Colleen Keating. She will take up the position on 10 June. The announcement follows a search which began ... More
16 Apr 2024
Swiss longevity brand Clinique La Prairie (CLP) has inked a deal with Montara Hospitality Group to operate a resort at Tri Vananda – a purpose-built ... More
16 Apr 2024
UK Active has announced details of its annual health and fitness industry awards ceremony, which will take place in Birmingham on the evening of Thursday ... More
16 Apr 2024
Social enterprise, Places Leisure, which is part of the Places for People Group, has appointed Belinda Steward as MD. Steward was previously MD at Derwent ... More
15 Apr 2024
Six Senses has announced the grand opening of its first-ever property and spa in the Caribbean, called Six Senses La Sagesse. With a picturesque beachfront ... More
15 Apr 2024
Basic-Fit has signed up to trial Wellhub across its recently expanded Spanish network, giving access to subscribers and enabling them to use all 152 of ... More
15 Apr 2024
Having redefined the model of public-private collaboration in Spain, Go Fit is now expanding into Italy and has ambitious plans to grow its estate, memberships ... More
13 Apr 2024
Planet Fitness has become the subject of a hate campaign by certain groups of consumers and seen share values slide, in the wake of a ... More
12 Apr 2024
A brand new desert hot springs oasis, called Zion Canyon Hot Springs, is set to open in Southern Utah in Q3 of 2025. Situated 30 ... More
11 Apr 2024
Recovery, social wellness and longevity were talking points at PerformX recently, tipped by many speakers as upcoming trends, while the exhibition halls featured infrared saunas, ... More
11 Apr 2024
A new study by UCLA Health found Kundalini yoga provided several benefits to cognition and memory for older women at risk of developing Alzheimer’s disease. ... More
10 Apr 2024
Luxury lakeside retreat The Ritz-Carlton-Reynolds, Lake Oconee in Georgia, US, is gearing up to unveil its new-look destination spa this May following a comprehensive makeover. ... More
09 Apr 2024
Europe’s first Evian Spa has opened at the five-star Hôtel Royal in Evian-les-Bains, France – the birthplace of the Danone-owned mineral water brand Evian. The ... More
10 Apr 2024
Industry experts are gathering in Cologne for today's European Health & Fitness Forum (EHFF), followed by FIBO from 11-14 April, which will feature almost 1,000 ... More
10 Apr 2024
Jason Worthy has been appointed group CEO of Myzone to lead the 'next stage of growth', with current group CEO, David Stalker, stepping back to ... More
1 - 15 of 67,867
The Leisure Media Company Ltd
The Leisure Media Company Ltd