We need to do much more to embed social value

By Peter Masonbrook

A procurement policy note that came into force last month is helpful but it should go further, says F&G’s Peter Masonbrook

With each new year comes change, and 2021 is no different. From the first of the year, Procurement Policy Note 06/20: taking account of social value in the award of central government contracts, came into effect.

Social value is not a new concept. From 2013, when the Social Value Act first came into force, all public sector commissioners were required to consider how they could improve the economic, environmental and social wellbeing of their population through their procurement activities.

The key word here is ‘considered’. This year’s legislation makes one very big distinction – the inclusion of social value in central government procurement is now mandatory.

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