Buying benefits for communities
This article originally appeared in The MJ.
The everyday activities of local anchor institutions present numerous opportunities to advance social value. Whether it’s a local authority commissioning a new homecare service or the use of targeted pre-employment training programmes by the NHS, these practices can be used to generate wider social, economic and environmental outcomes for people, place and planet.
Social value and public expenditure
Social value has traditionally been associated with procurement activity and the use of social value frameworks. Over the last 18 months, however, the Government has published a raft of procurement policy notices, which encourage the adoption of more progressive practice to support local economies and enable more SMEs and social businesses to enter public sector supply chains. This guidance was reaffirmed and strengthened within last year’s procurement green paper and, following public consultation, the publication of the Government’s new Procurement Bill is now imminent.
