THE SOCIAL VALUE MODEL IS NOT NEW
BUT THE IMPACT ON YOUR BUSINESS OF IGNORING OR EMBRACING IT, IS.
Social Value will become law in England in October 2024. Its 5 Policy Outcomes will be legally applied to all organisations over 20 people that bid for a Government contract, and overseen by all the Government's 87,000 Procurement Commissioners when awarding a public services contract.
Social Value considers all primary stakeholders; consumers, employees, suppliers, partners in the supply chain, and the communities in which they operate. It aligns with the United Nations ‘Sustainable Development Goals’ (SDGs), first created back in 1992 that all its 197 Countries’ members are embedding.
A type of Social Value model has been long adopted by some of the most successful businesses in the world. BMW, eBay, Google, Harley-Davidson, Honda, IKEA, Starbucks, Toyota, to name a few. The concept is already well established in Wales, Scotland, and Northern Ireland, all applying their own Social Value models.
THE SVRE READY PACKAGE
SVRE ACCREDITATION will allow you to confidently demonstrate to any Procurement Officer, or private business that you are a supply chain of, that you understand, and can meet the Government's 108 Social Value measurement awards criteria, and that you are confident in embedding Social Value throughout your business.
This will enable you to help bid successfully for Local Authority, Central Government and its 422 Agencies, and private contracts, as well as retain your current contracts, that will require, after October 2024, that all companies in their supply chains to be Social Value Ready.
