Nearly £100m a year spent with social enterprises thanks to Buy Social Corporate Challenge
We’ve been running our Buy Social Corporate Challenge since 2016, supporting big companies across business sectors to bring social enterprises into their supply chains.
Our latest annual report shows the Challenge had the most successful year ever, as our 30 corporate partners spent £99 million with social enterprise suppliers. In total, more than £350million has been spent with social enterprises in the seven years of the programme.
The premise of the Challenge is simple: working with corporates to use their core business spend to create positive social and environmental impact. And that impact speaks for itself; supplying Challenge partners has enabled social enterprises to reinvest nearly £32m in their missions.
Around 3,400 social enterprise jobs have been created thanks to contracts won through the Challenge, with 860 social enterprises supplying Challenge partners last year alone. The number of social enterprises involved in the Challenge rose 43 per cent in the last year, showing the rising interest in social procurement.
Peter Holbrook CBE, Chief Executive of Social Enterprise UK, said:
“The world of procurement is changing. Companies big and small need to consider how they impact people and planet, and make sure they actively work in a way that benefits communities and helps tackle environmental concerns. With nearly £100 million spent on businesses doing just that in the last year, this evidence shows the global cross-sector appetite for unlocking social value in everyday organisational spend is incredibly strong.”
The Buy Social Corporate Challenge partners are Amey, AstraZeneca, AXA, Barclays, CBRE, Co-op, Compass/Foodbuy, Deloitte, Equans, John Sisk & Son Ltd, Johnson & Johnson, KPMG, Landmarc Support Services, Lendlease, Linklaters, LV=, Mitie, Motorola Solutions, Nationwide, Nestle, NFU Mutual, PwC, Robertson Group, SAP, Siemens, Sodexo, The Crown Estate, Wates Group, Willmott Dixon, and Zurich Insurance Group.
Social Procurement Connect
We aren’t currently recruiting partners for the Corporate Challenge, but our Social Procurement Connect service can support organisations of any size and sector to bring social enterprises into their supply chains. Find out more about Social Procurement Connect and get involved here.