Social Value and Well-Being, are used by government and local authority bodies to assess the social values, and well-being impact on individuals working in businesses. Since January 2021, a minimum of 10% weighting has already been placed on the social value and well-being aspects, for any business bidding for any central government, or local authority contracts.
Many local authorities publish specific social value agendas, usually in the form of strategic economic or social plans, for example, the Emmaus North East Strategic Economic Plan. Manchester Authority currently applies a 20% weighting, with Brighton applying 30%. What plans do you have to embed social value and grow your business?
By 2028, government auditors will make businesses responsible for demonstrating what social value and well-being systems have been embedded in their business. In a more esoteric essence, surely it has now come of time, for us all to be SVRE citizens of our planet?
The UK government, and local authorities, are now actively looking to award contracts to SMEs. They’ve even got a specific financial target they’re aiming for. They are aiming to see at least 33% of their budgets, being spent exclusively with SMEs. This means there has never been a better time for the more progressive SMEs to start branching into the tendering process. Tendering for public sector contracts can be a prosperous avenue for generating income for SME businesses.
The opportunities to find a suitable tender, has significantly increased, due to the sheer volume of opportunities that are published. It will guarantee your payment, due to the regulations that public sector organisations are bound by. It is an efficient way to build your portfolio, and experience, as you work your way up to delivering larger contracts. It also gives you access to buyers that you may not ordinarily get to work with, and it is an effective way of generating new business, without the need for face-to-face meetings, and the expense and time of travelling.
The Human Element has worked extensively within the government, helping businesses to tender for their work. We assisted the Hospitals, tender to become NHS Trusts, bodies of private individuals, tender for the creation of private schools, and very many GP practices, tender to become GP Fundholders. In all, over £800 million of successful tenders. Get SVRE start tendering ready now.
SVRE BUSINESS ELEMENTS
SVRE BUSINESS ELEMENTS
SVRE BUSINESS ELEMENTS
ENABLING BUSINESS TO SVRE THRIVE
SVRE LIFE ELEMENTS
SVRE BUSINESS ELEMENTS
SVRE BUSINESS ELEMENTS
ENABLING INDIVIUDALS TO SVRE THRIVE