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Guernsey Employment Trust has “social value” in the multiple millions

Guernsey Employment Trust has “social value” in the multiple millions

Thursday 31 October 2024

Guernsey Employment Trust has “social value” in the multiple millions

Thursday 31 October 2024


The broader impact of Guernsey Employment Trust's work has been underscored with fresh research.

Social value describes the positive change that an organisation brings to its local community, and can be expressed as a financial sum, in this case potentially reaching £3.6m.

GET supports disabled and disadvantaged people to prepare for, find and maintain work in the island.

The figure was reached by breaking down how much money GET saves from the States spending (£2.97m), how much workers contribute to social security and tax (£444,000), and unpaid or voluntary work to benefit the community (£200,000).

“The project assessed the paid job outcomes secured by GET in 2023 and the support provided to individuals to maintain their employment. The project also assigned a monetary value to unpaid placements, where individuals worked for free to benefit our community," said Grant Thornton Limited’s ESG lead, Dipak Vashi.

“Excluding the States’ grant funding, the potential return on investment for every £1 of taxpayer money is £3.67.”

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Pictured: The Guernsey Employment Trust aims to change the way employers define and view disability by connecting people to roles that match their talent.

Nikki Ioannou-Droushiotis, Guernsey Employment Trust CEO, said: “Day to day, we focus on individuals’ progress and the impact that our work has on their lives. Thanks to Dipak and his colleagues at Grant Thornton Limited, we have been able to measure the broader impact of our work. 

“Although challenging to quantify, calculating social value can motivate staff and volunteers, facilitate project comparisons, and support fundraising efforts.”

Ed Ashton, the Director of Operations, Social Security & Inclusion at Social Security and Employment, said: ”Through working in partnership with GET, the value of its services for clients and employers has been acknowledged for a long time, but it’s great that the overall social value has now been recognised in monetary terms. 

“We look forward to continuing to work in partnership with GET and looking for ways to support GET’s further success.”

You can learn more about the work of the Guernsey Employment Trust on its website.

Pictured top: Nikki Ioannou-Droushiotis.

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