{"id":86335,"date":"2020-12-08T08:37:02","date_gmt":"2020-12-08T08:37:02","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=86335"},"modified":"2021-08-04T14:57:32","modified_gmt":"2021-08-04T13:57:32","slug":"social-value-economic-recovery","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/social-value-economic-recovery\/86335\/","title":{"rendered":"Social value through procurement set to aid economic recovery"},"content":{"rendered":"

Public sector procurement is set to play an increasingly crucial role in helping communities to recover from the coronavirus crisis\u2019 social and economic fall-out, according to Fusion21<\/a>\u2019s annual Procurement Trends research<\/a><\/h2>\n

More than 100 procurement officers, managers and directors \u2013 representing the housing, local authority, education, health and blue light sectors \u2013 took part in in the third annual Fusion21 Procurement Trends Survey, which ran throughout July 2020.<\/p>\n

Findings<\/h3>\n

The report found that procurement professionals<\/a> want to use their relationships with contractors and suppliers to secure the kind of social value that will make a real impact on communities.<\/p>\n

56% of participants believed social value had become a more important part of their work during the previous 12 months, with the report demonstrating a huge shift in terms of the types of social value being pursued by procurement teams.<\/p>\n

69% of professionals who participated in Fusion21\u2019s research believed social value through procurement would be used to generate local economy benefits<\/a>; this was a sharp rise on 30% who said the same last year.<\/p>\n

More than 70% said they would focus on generating skills and employment opportunities \u2013 a huge increase on 39% last year.<\/p>\n

In 2019, only 11% said their social value activities would deliver health and wellbeing benefits; this year, however, health and wellbeing<\/a> were being prioritised by nearly a third (30%)\u00a0<\/strong>of procurement professionals.\u00a0\u00a0<\/strong><\/p>\n

A changed approach to social value<\/h3>\n

Andrew Gray, member relationship manager at Fusion21, said: \u201cThe next 12 months\u00a0<\/strong>are set to be hugely challenging for public sector organisations and the communities they serve.<\/p>\n

\u201cProcurement teams are going to play an important role in making decisions that will lead to the continued delivery of services and create the kind of social value that will make a real difference.<\/p>\n

\u201cAt Fusion21, we\u2019ve been listening to what is most important to our members, and in response, we\u2019ve changed the way we approach social value to provide a more local offer, allowing our members to choose from a number of options for investing in their communities.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Public sector procurement is set to play an increasingly crucial role in helping communities to recover from the coronavirus crisis\u2019 social and economic fall-out, according to Fusion21\u2019s annual Procurement Trends research.<\/p>\n","protected":false},"author":20,"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":[54592,639,570,94828,934],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-86335","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-coronavirus","8":"tag-procurement","9":"tag-social-housing","10":"tag-social-value","11":"tag-wellbeing"},"acf":[],"yoast_head":"\nSocial value through 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