The release of Livv Housing Group’s 2021/22 Social Accounts has revealed that the Knowsley-based housing association created more than £64 million worth of social value for its customers and communities in the last financial year.
Working with external partners, Livv developed and delivered a wide range of activities that have supported customers with challenges such as improving their mental health and financial wellbeing and enabling people to be job ready through skills and employment support.
The total social value generated in 2021/22 represented a 24 per cent increase on the previous year’s performance, up from £51.7m in 2020/21.
Key stats for 2021/22
- £64,011,973 has been generated in social value
- £11 million worth of cost savings to the NHS, DWP and local government
- For every £1 invested, Livv generated £1.17 in social return
The report focuses on four key areas of support: financial wellbeing, improving mental health and wellbeing, reducing social isolation and supporting young people with employment, and wellbeing and aspiration.
The main findings show that Livv supported:
- 3,045 customers to become financially better off
- 3,113 people to improve their mental health and wellbeing
- 1,876 customers to become better connected or reduced social isolation
- 305 young people to engage in sector-based training
- 474 young people to improve their overall wellbeing
Léann Hearne, CEO at Livv Housing Group, said: “Social impact is the focus of our Community Investment Strategy and we’re incredibly proud to have delivered £64 million worth of social value, which sees our customers and communities benefiting from the programmes and support that we provide.
“Behind every statistic there are the human stories that highlight the impact that our work and that of our partners has had on real people. They showcase the work of our teams, whose main focus is to make a positive difference in our communities.
“In addition to our investment in commissioned programmes, we’ve put in place a team of advisors who have expertise in areas such as mental health, financial wellbeing and welfare, life skills and employment, and tackling antisocial behaviour. Our customers tell us that their support has made a real difference to so many people.”
Some projects that Livv has delivered over the past financial year include employment projects to retrain and upskill customers, cookery courses to support people’s wellbeing and mental health support and training programmes aimed at young people. Livv has also funded voluntary and community groups for social inclusion activities, including the donation of 200 tablets to help customers get online and better connected.
To find out more about Livv Housing Group or to view the full report, visit www.livvhousinggroup.com