The Shared Value Business (TSVB) is a specialist Social Value consultancy. We work with both private and public sector organisations to clarify Social Value and create appropriate systems and processes.
What is Social Value?
Social Value is how any organisation can work to deliver wider social and environmental benefit. It’s not an add on – it’s the way you do business, and it’s becoming a critical issue for public and private organisations, for both winning work and delivering cost savings.
From 1st January 2021 Central Government procurement functions were required to embed Social Value activity within all contract activity above OJEU thresholds. Many local authorities are now embedding Social Value within contracts from £50,000.
What this means is if your organisation works within supply chains driven by central government, you’ll see a minimum 10% Social Value weighting applied within tender documentation.
Social Value Strategy for your organisation, reflecting what is important to you, your clients and customers.
In house support for Social Value bid writing, systems development for Social Value monitoring and fulfilling Social Value reporting requirements.
Training and mentoring for:
- Contracts Managers to respond to, and manage delivery of in-tender Social Value requirements
- Procurement Managers on Social Value, Small Enterprise and inclusive supply chain practices
- Community and Sustainability Managers to support and deliver a more commercially focused Social Impact agenda.
What one top tip would you give to a business owner embarking on a growth plan?
Have a clear plan of what you want to achieve and do your sums on how to resource this properly, this will give you the confidence to take action.
Why is Lancashire a great place to grow a business?
There are some brilliant support networks out there, and some great investment into business infrastructure. TSVB is based in the new Fraser House digital hub, and it’s already got a really friendly and supportive community.
Why are you backing Boost Business Lancashire?
The more that we work together, share knowledge and skills the greater the impact we can have in creating resilient and inclusive communities, which is what Social Value is all about.