Why is it beneficial for Buyers and Commissioners to embed Social Value into their business processes ?
Embedding Social Value into your procurement and commissioning process is not only good practice but will also build up the profile of your organisation and allow you become a stand out lead organisation by supporting local business, supporting job growth and community benefit.
Legal Compliance / Offset Challenge
Public Sector organisations are tasked under the Public Services (Social Value) Act 2012 with delivering additional Social Value from their contracts, failing to do so will see you fall foul of legislation and be left open to supplier challenges.
Attract Best Talent and Retain Best Staff
Standing out from the competition and striving to be the best will attract the best graduates and workers to want to work for you and also help retain your best staff as they will want to be part of a successful and socially responsible organisation
Creating a clear organisational vision will create a positive public perception and give you a greater standing within the community
Utilising the suppliers added value bids will help offset service cuts and funding gaps as applied properly the Social Value Act is designed to deliver Economic, Social and Environmental Wellbeing.