Social Value Act goes live

News item posted: 04 April 2014

Public bodies will be obliged to consider the 'social value' of the services they commission as outlined in the Social Value Act which goes live today.

Many organisations, including Turning Point, are already bringing Social Value to the services they deliver to communities. The key difference between organisations invested in Social Value and other business is that those invested in Social Value put the profits back into the services they are delivering and their communities. Public authorities will now have to take this into consideration.

As public sector markets, such as policing and health are opened up, this legislation is going to be of vital importance to ensure that public spending decisions take Social Value into account.

Lord Victor Adebowale, Chief Executive of Turning Point said; "This act could appear as an excuse remover but it is a step in the right direction, now we need to start running"