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Social Value Benchmarking Report 2022

Top Wighay Farm roundabout photo of Balfour Beatty Social Value project

Issued: 30/09/2022

Updated: 07/03/2023

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SCAPE and Social Value Portal's benchmarking report sets a precedent for how the construction industry should be tackling the social and economic value of its projects.

Through a consistent and industry-recognised performance management approach, we ensure all delivery partners in our supply chain and partnerships prioritise social value outcomes in projects.

We have worked with the Social Value Portal to measure social value using the National TOMs (Themes, Outcomes, and Measures) standardised framework, alongside KPIs. This allows clients to set appropriate social value targets to align with national priority outcomes, alongside their policies and local needs.

What is Social Value?

Social Value is the creation of supportive environmental, economic and social wellbeing through buildings, places and infrastructure that improves the quality of life.

The Social Value Act 2012 'requires the public sector to ensure the money it spends on services creates the greatest economic, social and environmental value for local communities.'

For publicly funded projects, improvement of the economic, social, and environmental wellbeing of the relevant area is an important procurement consideration. We undertake this benchmarking report as a vital investment in measuring success, helping organisations to understand what is being achieved today and what can be achieved in the future.

Alison Ramsey, Social Value and Performance Manager at SCAPE

Key findings from the Social Value Benchmarking Report 2022:

  • The construction industry achieved £1.08bn of social and local economic value in 2021.
  • There has been a 14 per cent increase in social and local economic value in comparison to last year's report.
  • Almost 20 per cent of total spend on projects was invested in social value initiatives.