A new toolkit encouraging local businesses to measure their social value in Bristol has been launched in a bid to help organisations establish the positive impact they are having in the city.
The Social Value Toolkit will support local voluntary and private organisations to take small and achievable steps to measure and report on the social good that comes from their services or activities.
Following the introduction of the Public Services (Social Value) Act 2012, all councils are required to consider the social value when buying services. The introduction of this toolkit will help stimulate a better understanding of that value.
The Social Value Toolkit will be included in all of the council’s future commissioning activity – and is designed to benefit local businesses by ensuring they can demonstrate, and be rewarded for, the contribution that they make to Bristol.
Voscur worked alongside the Federation of Small Businesses in helping to develop the Social Value Policy and ensured that a minimum value of 20% of each contract’s value would be required to go towards social value.
This value is higher than the 10% that is currently being proposed by central government.
Bristol’s policy also requires that the council spend at least 40% of its total budget on micro, small and medium sized businesses, social enterprises and the voluntary sector.
Social value is described as the social good that comes from buying services in the form of benefits to local communities or groups of people. Examples range from activities that provide work opportunities for disadvantaged groups or education and skills for communities.
Councillor Asher Craig, Deputy Mayor for Communities, said: “I’d like to encourage local businesses to use the toolkit so they can review how they contribute to the city, particularly looking at how they help disadvantaged groups and communities. We all have a role to play to create a city where everyone can share in its success and this is a tool that will help deliver that shared ambition.
“We know that it’s not always easy for organisations to value the impact that they have on people’s lives, which is why we’ve worked with a range of partners including small businesses and the voluntary sector to adapt a national toolkit which offers bespoke local guidance and advice in accordance with the city’s priorities.”