Rewriting ‘Leveraging Social Value Through Community Wealth Building’
Is the delivery of social value through contingent and interim staffing contracts truly making a difference? In many cases, the answer is a resounding ‘yes’ as local governments are seeing real results with up to 10-15% weighting now placed upon social value in the procurement process.
However, strictly targeting social value has few tangible benefits for the outsourced managed service sector, where savings via framework suppliers have restricted potential opportunities for cost reduction. This is what’s driving a push for local authorities to have greater control in the selection for the managed services providers (MSP) supply chain, by favouring small and medium-sized enterprises (SMEs) over those larger companies capable of offering large economies of scale.
But could shifting from ambition to a reality of community wealth building – rather than focusing on social value alone – truly yield greater returns? Several councils across the UK including Kent, Hampshire, Luton, Surrey, and Dudley, and most recently Dorset, are leading the charge with dynamic joint venture companies, owned by the local government, to explore these opportunities.
Clickbait Style Title Ideas:
• Revealing the True Power of Community Wealth Building
• Leveraging Social Value for Unparalleled Returns
• Unlocking the Secrets of Community Wealth Building
• Investing in Social Value That Yields Real Returns
• Dispelling the Myths of Social Value in Procurement
• What Local Governments Can Do Beyond Social Value?