New CBI report on maximising the benefits of public spending shows how businesses and government should work together.
This week, the CBI published its new report, Valued Partnerships, which explores the use of social value in contracts between the public sector and private suppliers across the UK. The report argues that the piecemeal approach to social value so far has resulted in a confusing landscape for businesses and contracting authorities, and that clarity is needed to ensure the positive impacts of social value for communities and local economies are not lost because of this confusion.
It lays out a number of key recommendations to strengthen the role of social value in procurements and delivery, and make it more efficient and effective for businesses and public sector commissioners to work together to deliver billions of pounds worth of social impact each year.
Read Valued Partnerships: embedding social value in public contracts.
Social value can be most simply described as the activities carried out by a business, charity, or social enterprise that helps support the long-
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