Our latest research report calls for a rethink on how public bodies use social value, urging it to be placed front and centre of how local and central government works. Based on in-depth research across local government, the report paints a mixed picture – one in which real progress is being made by forward thinking local authorities but where the transformative potential of social value is not being fully realised.
Almost two-thirds of local councils (63%) are shown to have a good understanding of social value with 82% believing that social value drives higher levels of growth. However, only 42% believe that using social value has reduced inequalities. The report makes the case for bridging this gap and the use of social value to drive inclusive growth.
The report calls on public bodies to use social value more strategically, taking it out of the procurement silo where it is too often found and embedded across council’s operations.
The report is supported by Power to Change, Cordant Group, ENGIE and the Lloyds Bank Foundation.