Social Value 2032 - Creating a social value economy

During the last decade, the Social Value Act has helped to transform the debate around the role of procurement and what can be achieved through public spending.

Social Value 2032: Shaping the Future of Social Value marks the 10th anniversary of the Social Value Act and seeks to further expand its impact and influence. Led by Professor Chris White, former Member of Parliament and author of the Social Value Act, the programme is overseen by Social Enterprise UK and brings together a coalition of companies at the forefront of the social value agenda including PwC, Siemens, SUEZ recycling and recovery UK and Shaw Trust.

The programme considers how Social Value can expand to cover all public sector procurement and, beyond this, influence the spending of the UK’s largest companies. Through engagement with decision-makers in central and local government and leading businesses, alongside research, publications and the creation of the Social Value Task Force, we will demonstrate the importance of Social Value to both the Levelling Up agenda and the meeting of Net-Zero targets.

Social Value can unlock billions in investment in new low carbon products, creating thousands of employment and training opportunities and generating millions of pounds for reinvestment back into social, environmental and cultural infrastructure for communities.