For all investors and land and property owners, defining social value is imperative.
The UK Government has introduced legislation which requires social value to be evaluated as part of the tender process when outsourcing all contracts over £100k. When scoring bids, under the Public Services (Social Value) Act 2012, the Government will award up to 20% of marks for social value.
In addition to this, there is an increasing demand for sustainable finance-related social investments, such as social bonds (to finance social housing, create jobs for target groups and healthcare) and the introduction of the EU Social Taxonomy.
SOCIAL VALUE is created when buildings, places and infrastructure support environmental, economic and social wellbeing, and in doing so, improve the quality of life for people. The value created contributes directly to the UN Sustainable Development Goals (SDGs).
Download our briefing note providing insights into why social value is important, how to quantify it and how to improve social value across rural and commercial property.
