Contract for Change aims to provide a free, practical framework for positive societal impact ©Cultura RF/Getty Images
Contract for Change aims to provide a free, practical framework for positive societal impact ©Cultura RF/Getty Images

Three reasons to embrace social value

Social Value UK’s Contract For Change leadership group aims to embed social value principles into procurement and commissioning activity in three ways, says non-executive director David Shields.

1. Bringing people together
Contract for Change brings together thought leadership across academia; social value, environmental and technical disciplines; legal, financial and professional standards, and the commissioning and procurement worlds. Hundreds of volunteers, across all backgrounds and sectors have come forward. But expanding our cohort further is critical to the success of the programme. We have to encourage the broadest engagement to share and leverage the talent and knowledge we have.

2. Developing resources
The starting point of the group is to develop practical tools, processes and methodologies to provide organisations, functions and practitioners, with the operating framework that connects organisational purpose and strategy with a golden thread to operations, impact and measurement. All the output developed will be published and free for everyone to use.

3. Positively affecting government spending
Legislative and policy drivers are already in place across the public sector to provide a framework for positive societal impact. The importance of this cannot be understated. The UK government spends in the region of £280 billion per annum and a significant amount of this expenditure is directed via third parties. These suppliers spend in the region of 40-60% of turnover on goods and services: so flowing down social value throughout the supply chain will rapidly drive change across our communities and the supply chain.

Social value should be inclusive, collaborative and wholly voluntary.

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