In these challenging economic times, social value provides an opportunity to achieve a social return through public procurement.. Simply said, social value means getting more value out of every pound spent by government, local authorities and other public bodies. Suppliers and service providers must demonstrate how they achieve clear benefits and economic returns.
What can you do for the young people in your community with social value?
If you are a commissioner commissioning public sector contracts above the threshold of £113,057 (local authorities) or £173,943 (central government and NHS), you need to develop a strategy of which social value requirements you would like to see addressed in a contract.
If you are an organisation bidding for a public sector contract, you need to develop an offer which shows how you will deliver the social value requirements.
How can we help design and deliver social value?
We deliver social value by addressing the following important developments for young people:
- Employability, Training and Skills Development
- Social Skills, confidence, team work, work placements, CV and interview skills
- Excelling in education
- Health and wellbeing of the wider community
- Economic development versus the cost of exclusion
What can we do for you?
Whether you're a commissioner or contractor, we can help you address social value in an effective, helpful and meaningful way.
We can provide a suitable model for addressing social value through the procurement process. Every commissioner and every contract is different, so we offer a tailor-made approach to what social value can mean for your organisation and the contracts being procured. This includes developing your social value targets, and designing the social value requirements including monitoring and evaluation.
The Prince’s Trust has been helping Salford City evaluate how it adds a social value dimension as part of its commissioning.
We can help give your company a great advantage by setting up a competitive bid with a strong focus on social value. We offer a tailor-made approach, making sure your bid aligns with the goals and values of your organisation. This includes bid support during bid writing stage, monitoring and evaluation on social value, and the benefits of a national organisation with local reach, knowledge and experience.
Get in touch
We have been successful in contracts in sectors such as railway, construction, housing and healthcare. Interested in hearing more about our successes and what we could do for you? Get in touch by emailing email@example.com.