Richard Jones looks at the ways housing developers are assessing the wider impact of their operations in line with the government’s social value model guidance
Social value is a term that we are hearing more and more within the residential sector, and which is having a growing influence, particularly on procurement.
Social value is defined as “the quantification of the relative importance that people place on the changes they experience in their lives”. Obviously, housing and the environment created will have a significant impact on this.
The Public Services (Social Value) Act came into force on 31st January 2013 and has recently been updated in March 2021. Fundamentally it requires the people who commission public services to think about how they can also secure wider social, economic and environmental benefits.
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
It takes less than one minute….
… or subscribe for full access - Subscribe now