{"id":116475,"date":"2022-10-06T11:19:57","date_gmt":"2022-10-06T10:19:57","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=116475"},"modified":"2022-10-06T11:19:57","modified_gmt":"2022-10-06T10:19:57","slug":"construction-benchmarking-report-1bn-social-local-economic-value-delivered","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-benchmarking-report-1bn-social-local-economic-value-delivered\/116475\/","title":{"rendered":"Construction benchmarking report: Over \u00a31bn in social value delivered by UK industry"},"content":{"rendered":"<h2>The second annual social value benchmarking report has revealed that over \u00a31bn of economic, social, and environmental improvements were made by the UK construction industry last year<\/h2>\n<p>The <a href=\"https:\/\/www.scape.co.uk\/research\/social-value-benchmarking-report-2022\" target=\"_blank\" rel=\"noopener noreferrer\">Social Value in Construction Benchmarking Report<\/a> was compiled jointly by social value measurement consultancy, Social Value Portal, and SCAPE, one of the UK\u2019s leading public sector procurement authorities.<\/p>\n<p>Released annually, the report sets a precedent for how the construction industry should be tackling social and economic value on its projects.<\/p>\n<h3>The North West had the highest delivery of social value through its projects<\/h3>\n<p>This year\u2019s report found that the construction industry achieved \u00a31.08bn of social and local economic value in 2021, through significant investment in local communities.<\/p>\n<p>By comparison, last year\u2019s report found that the delivery of social and local economic value was \u00a3949m for 2020, highlighting a 14 percent increase in 12 months.<\/p>\n<p>Almost 20 percent of total spend on projects was invested in <a href=\"https:\/\/www.pbctoday.co.uk\/news\/featured\/social-value-goes-to-the-very-heart-of-the-built-environments-purpose\/110237\/\" target=\"_blank\" rel=\"noopener noreferrer\">social value initiatives<\/a>, valuing \u00a31.8bn.<\/p>\n<p>The North West far outperformed other regions in terms of social value delivery and was second highest after Scotland on local economic delivery.<\/p>\n<p>The South West had the lowest social and local economic value investment. However, geographical location and total number of projects will have impacted these figures.<\/p>\n<h3>Local wellbeing is an important consideration in procurement<\/h3>\n<p>The report includes three case study examples from SCAPE framework partners delivering a variety of social value activities ranging from employing ex-offenders, and delivering a 100% spend with SMEs, to donating staff hours to local charities.<\/p>\n<p>All activities have been measured using the National TOMs standardised framework.<\/p>\n<p>Social Value and Performance manager Alison Ramsey at SCAPE, commented: \u201cFor publicly funded projects, improvement of the economic, social, and environmental wellbeing of the relevant area is an important procurement consideration. We undertake this benchmarking report as a vital investment in measuring success, helping organisations to understand what is being achieved today and what can be achieved in the future.<\/p>\n<p>\u201cIt is encouraging to see that the <a href=\"https:\/\/www.pbctoday.co.uk\/news\/featured\/delivering-social-value-beyond-bricks-and-mortar-at-prince-charles-hospital\/115899\/\" target=\"_blank\" rel=\"noopener noreferrer\">delivery of social value across the construction industry<\/a> continues to improve and that contractors are supporting local communities for clients investing in the built environment. Not only does this report highlight what excellent work has been achieved so far, but it demonstrates how we can all build on these foundations to further improve performance in this area.\u201d<\/p>\n<h3>Growth shown in the construction benchmarking report benefits both the UK economy and sustainability efforts<\/h3>\n<p>Nathan Goode, chief strategy officer at Social Value Portal, added; \u201cIt may be a little early to talk about trends as such, but seeing year on year progress in social and local economic value delivered by the construction industry is a great start.<\/p>\n<p>\u201cAs the largest industry in the UK, employing over three million people and responsible for a large proportion of the UK\u2019s carbon emissions, it is imperative that the sector leads the way in improving society, both in<a href=\"https:\/\/www.pbctoday.co.uk\/news\/featured\/social-value-and-net-zero-construction-industry\/112113\/\" target=\"_blank\" rel=\"noopener noreferrer\"> terms of tackling the climate emergency<\/a> as well as improving the lives of the people who reside in the communities in which they operate.<\/p>\n<p>\u201cThe strongest argument for committing to <a href=\"https:\/\/www.pbctoday.co.uk\/news\/featured\/social-value-in-construction\/109198\/\" target=\"_blank\" rel=\"noopener noreferrer\">social value generation could be financial<\/a>: we all want a better world and a better future and delivering more social and local economic value will lead to a more prosperous future. I look forward to seeing further improvement in next year\u2019s report.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The second annual social value benchmarking report has revealed that over \u00a31bn of economic, social and environmental improvements were made by the UK construction industry last year. <\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,882,656,93645,639,669,94828],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-116475","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-employment","9":"tag-housing","10":"tag-net-zero","11":"tag-procurement","12":"tag-regeneration","13":"tag-social-value"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Construction benchmarking report finds \u00a31bn in social and economic value was delivered in 2021<\/title>\n<meta name=\"description\" content=\"The second annual construction benchmarking report found that over \u00a31bn of social and environmental improvements were made by the industry last year\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-benchmarking-report-1bn-social-local-economic-value-delivered\/116475\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction benchmarking report finds over \u00a31bn in social and local economic value was delivered by UK industry\" \/>\n<meta property=\"og:description\" content=\"The second annual social value benchmarking report has revealed that over \u00a31bn of economic, social and environmental improvements were made by the UK construction industry last year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-benchmarking-report-1bn-social-local-economic-value-delivered\/116475\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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