How the Social Value Act (2012) and Procurement Act (2023) will affect your business

How the Social Value Act (2012) and Procurement Act (2023) will affect your business

The importance of embedding ‘Social Value’ into your company to benefit staff, the wider community and the bottom line.

By SVRE UK

Date and time

Thu, 27 Jun 2024 10:00 - 12:00 GMT+1

Location

Fareham Innovation Centre

Meteor Way Fareham PO13 9FU United Kingdom

About this event

  • 2 hours

Join Us to Learn About How the Social Value Act (2012) and New Public Procurement Act (2023) Will Affect Your Business.

'Social Value' - would you like to know more? The term is becoming more readily used but not everyone understands the key ways it can be embedded in their company to benefit staff, the wider community and increase the bottom line.


Does your company currently tender for Local Authority / government contracts? Are you looking to expand into this arena or, are you a key supplier within a supplier chain? If so these Acts will particularly affect your company.

The 'Public Procurement 2023 Act,' will transform the government's procurement process, by levelling-up the business playing field, in giving all Social Value Ready SMEs access to tender for £100 billion of government contracts.

The degree to which a business embraces this new law, will directly impact their capacity to thrive and grow. Think of it as the new ISO 9001.

Speaker

David Riley - CEO, SVRE


By the end of the talk, you will:

  • Have a clear understanding of the impact that social value and wellbeing, and the new Public Procurement Act will have on your business, and the UK and global business landscape.
  • Understand the 8 key areas a company will be judged upon in terms of a Social Value policy and embedded strategy.
  • Appreciate potential opportunities, and risks, to your business's health and growth.


You will also be invited to a free membership of the SVRE SME Business Hub, for social value guidance, support, and governmental framework updates, and for possible collaboration with other SVRE SMEs to bid for contracts.

We'll also show you how to take the free SVRE Ready self-assessment and give you a free one hour 1 to 1 consultation to explore your results.


Location: The Bridge Room, Fareham Innovation Centre

Parking: FREE on site parking

Afterwards: The SVRE team will be in the co-working space until 1pm to answer

any specific questions attendees may have.

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