Managing and measuring social value
Social Value in the Built Environment Industry Briefing 2020download the report
The long-term wellbeing and resilience of our communities has never been more critical, and the world of social value is maturing rapidly. Organisations can no longer afford to ignore the communities in which they work. Investors and clients are holding their supply chain to higher standards of accountability, with robust measurement and reporting requirements focusing on long-term, evidence based outcomes.
In late 2020, the Government published its Social Value Model in the Procurement Policy Note 06/20 (PPN 06/20). It subsequently published guidance on exactly how to use the Model, and metrics to measure impact. This has the useful effect of defining exactly how organisations can implement the Public Services (Social value) Act 2012.
The PPN06/20 requires central government procurement to explicitly evaluate social value, with a minimum 10% weighting of score put on the topic. It has provided some form of standardisation around the topic of social value, helping contracting authorities and their supply chains to better understand what they can do to generate it.
Social Value: What does it mean to us?
Case study – VINCI Facilities’ approach to social value and examples of initiatives and programmes delivered with customers Peabody and Sandwell Council.
Understanding PPN 06/20
This Webinar dives into the detail of the Government’s new social value model and gives guidance on its application.
Social Value: What is it and Why is it Important?
This self-enrol learning pathway contains beginner-level resources that will help to understand what social value is and why it is important. The content will introduce you to relevant social value legislation, policy and the current industry landscape. It will also cover drivers for social value as well as the business case for addressing this topic. It is the perfect place to start if you want to know more about social value, but don’t know where to begin.
Social Value: Defining and Delivering
This self-enrol learning pathway contains a mix of resources and case studies on the topic of social value, with a particular focus on how business across industry generate impact. The pathway is grounded in case-studies to give real-world examples of social value generation and management. This pathway is useful for businesses that understand the theory behind social value, and want to know more about how they can address the topic in their own organisation.