The UK government has announced a review of the Social Value Act that will consider extending it to cover goods and works.
Currently the Public Services (Social Value) Act 2012 only covers services, but there have been calls for it to be extended to generate added benefits from projects such as HS2.
The review, to be headed by Lord Young, the prime minister’s adviser on enterprise, will also examine how the act can further support small businesses and voluntary, charity and social enterprises (VCSEs) to bid for public contracts.
Lord Young said: “The government has been facing growing calls to extend the Social Value Act and I am delighted that this review will give us the opportunity to fully consider those ideas, thinking about how we can achieve the aims of the act. I am keen that this does not add any regulatory burden to small businesses, social enterprises or VCSEs.”
Hazel Blears, a Labour MP who supported the original act through parliament and a member of the review team, said: "There are already some fantastic anecdotes about the impact it is having. I'm looking forward to being part of the review and considering how the benefits might be spread even more widely by extending the act to cover major infrastructure schemes like HS2."
The review aims to report its findings in early 2015.