Social Value Report Assurance Rounds

Assurance Steps:

The assurance process runs through the following steps:

Applicant submits report for assurance with supporting documentation
Assurance Team undertake first review and will communicate results to applicant within 1 week of end of round.
If report passes first review report is submitted for full anonymous assessment with external assessor. Applicant will receive their invoice.
External assessor returns feedback for review by assurance team
First results are sent to applicant and external assessor and applicant are put in touch. This will take place within 5-6 weeks from application date
If an applicant receives the result: ‘Report does not meet the assurance standard criteria, but can with an amendment period’ then the Applicant and Assessor communicate about feedback
(recommendation for telephone call, but can be done over email)
The applicant confirms if they are taking their amendment period or not. SVI will issue the applicants amendment period invoice to the applicant.
If taking the amendment period the applicant can amend their report and liaise with their assessor until they are happy they meet all of the necessary criteria and resubmit their report to the Assurance Team for final assurance. PLEASE NOTE: The assessor is only required to give 1 hours’ worth of feedback on the initial assessment feedback, and 1 hours’ worth of feedback on any amendments.
If the report passes the final assurance assessment, then assurance of the report will be provided with the possibility of the following 2 results:
Report Assured
Report Assured with attached limitation statement: ‘Limitation of the application of Principle 4: Only include what is material’

Round Dates:
Round 1: Jan/Feb 2021

Round opens for applications – Monday 18th January
Round closes – Friday 29th January
Reports assigned to assessors – Monday 1st February
Invoices issued – Tuesday 2nd February
Assessors to return results by – Friday 19th February at latest
Invoice paid by – Sunday 21st Feb at latest
Results released to applicants – Monday 22nd to Friday 26th February
Amendment period if needed – 5 weeks – ends on 2nd April
Amendment invoice issued w/c 1st March and paid by Thurs 1st April at latest
Amendment results expected by 9th April

Round 2: Apr/May 2021
Round opens for applications – Monday 12th April
Round closes – Friday 23rd April
Reports assigned to assessors – Monday 26th April
Invoices issued – Tuesday 27th April
Assessors to return results by – Friday 14th May
Invoice paid by – Sunday 16th May at latest
Results released to applicants – Monday 17th May to Friday 21st May
Amendment period if needed – 5 weeks – ends on 25th June
Amendment invoice issued w/c 24th May and paid by Thurs 24th June at latest
Amendment results expected by 2nd July

Round 3: July/Aug 2021
Round opens for applications – Monday 5th July
Round closes – Friday 16th July
Reports assigned to assessors – Monday 19th July
Invoices issued – Tues 20th July
Assessors to return results by – Friday 6th August
Invoice paid by – Sunday 8th August
Results released to applicants – Monday 9th– Friday 13th August
Amendment period if needed – 5 weeks – ends on 17th September
Amendment invoice issued w/c 16th August and paid by 16th September at latest
Amendment results expected by 24th September

Round 4: Oct/Nov 2021
Round opens for applications – Monday 18th October
Round closes – Friday 29th October
Reports assigned to assessors – Monday 1st November
Invoices issued – Tuesday 2nd November
Assessors to return results by – Friday 19th November
Invoice paid by – Sunday 21st November
Results released to applicants – Monday 20th to Friday 26th November
Amendment period– 5 weeks – ends on 14 Jan 2022 (longer amendment period due to holidays)
Amendment invoice issued w/c 29th November and paid by 13th January
Amendment results expected by 21st Jan 2022