Rail Social Value Tool update

Rail Social Value Tool update

21 Dec, 2021

The Rail Social Value Tool (RSVT) is an online tool developed specifically for the GB rail industry, enabling the industry to forecast, monitor and evaluate the social value of its projects and day-to-day operations, and guide investment decisions.

The RSVT is provided by RSSB and Loop (formerly known as SPC) and co-funded by Network Rail. The tool was developed as part of a progressive evolution of the Common Social Impact Framework for Rail. The RSVT will enable the social value of projects and activities to be captured through monetised and non-monetised indicators across a range of social impacts. You can read more about the RSVT and the approach to social value on the RSSB website.

Following an initial test period with a number of organisations, the tool is now live to early adopters. Early adopters include Network Rail, Avanti, GTR, SWR, Merseyrail, WM trains, First Group and Siemens. The early adopters phase will enable the stakeholders to feed in their experiences and learning on an on-going basis to improve the platform. There will be an industry-wide launch in early 2022.  

Community Rail Network is following the progress of the tool to identify how and if our members might engage with it.  As engagement with the tool develops, Community Rail Network will support members to negotiate how they might get the most out of this resource.    

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