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By Julia Slay of the New Economics Foundation at WCVA's Annual Conference.
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The value of co-production
Julia Slay
The graph of doom
Is there an alternative?
The Core Economy
What do we mean by value?
Value for money is defined as the optimum combination of whole-of-life costs and quality (or fitness for purpose) of the good or service to meet the user’s requirement. Value for money is not the choice of goods and services based on the lowest cost bid.
• HM Treasury (2006) Value for money guidance, p.7. [13 August 2008]
–Wider social and environmental costs and benefits for which there is no market price also need to be brought into any assessment. They will often be more difficult to assess but are often important and should not be ignored simply because they cannot easily be costed.
• HM Treasury (2003) Green Book,[25 August 2008] p.19.
Monetisable
Holy Cross Centre Trust: the time of over 500 members is valued at over £130,000 a year.
Monetisable
A Virginia time bank provides peer support for people with asthma that reduced emergency admissions by 74
per cent (value £217,000 over two years)
Monetisable
The Personalisation Forum Group provided 13,104 hours of practical support to members, valued at
£250,000
Monetisable
A 17 per cent reduction in crime was attributed to the introduction of a Spice time credit system to Bettws
Monetisable
LSE research estimated that the costs for each time bank participant averages at under £450 per year, but that the economic value to the state alone was over
£1,300 per person
Monetisable
Local area co-ordination was introduced in Western Australia and is estimated to have reduced costs by
around 30 per cent.
Monetisable
At Scallywags co-operative nursery in East London, parents spend a day a fortnight working in the nursery,
and pay around £2.70 per hour for their childcare
Monetisable
Croydon’s Service User Network provides peer support for people with mental health conditions. It has led to a
30 per cent reduction in A&E attendance among the group and a decrease in planned hospital admissions
of 22 per cent
The impact on individual and community outcomes What the evidence says:
Most evidence points to improved outcomes – and common outcomes across a number of projects includes;•Improved well-being; •Improved employability;•Reduced need for acute services;•Improved social inclusion and cohesion;
What people say:
‘’We are told what we can’t do – but we can achieve’’ - PFG
‘’you’re not dictated to – other places assume what the right way to help you is, whereas here, we get to decide what the problems and solutions are’’
‘’
Showing how co-production contributes to a range of outcomes
In summary
• Value of co-production can be seen in – Better use of the core economy – Increased capacity and reach of services – Improved outcomes for people– Preventing more acute needs arising
What happens when we reach scale?
Could we offer free, universal childcare?
Could everyone who needed a bit of extra support,get it?
Or some advice and support from someone who has experience of what we’re going through?
Further resources
• Reciprocal exchange literature review
http://www.nesta.org.uk/library/documents/MoreThanMoneyLiteratureReviewv4.pdf
• The Co-production Practitioners’ network
http://www.coproductionnetwork.com/
