Today’s news that government will be strengthening the Social Value Act is very welcome, although it shouldn’t require a scandal to force the government to take action in the future.
The Social Value Act is a fantastic tool to ensure taxpayers get the best possible value for money, it is in everyone’s interest, but there is still a long way to go to enable the Act to be used to its full potential.
Social Value needs to be:
- Not just for central government but rolled out to local government and the NHS
- Not just applied to services but all goods, works, asset management and disposal
- Not just in guidance but in the law
So although we welcome today’s announcement to strengthen the Act, Social Enterprise UK will continue to work with our allies until every pound of taxpayers money is managed in the interests of wider, longer-term value.