Social Value and Wellbeing Act 2024
This IoD webinar, co-hosted by Hampshire Chamber and FSB, explored upcoming changes to procurement law and the importance of "Social Value" for businesses.
The recording explores how upcoming changes to procurement law will prioritise “Social Value” for businesses.
The webinar dives into the benefits of embedding social value for your staff, community, and bottom line. It also details the impact of the Procurement Act 2023 on public contracts valued at a staggering £100 billion.
Notably, the new criteria for awarding contracts will consider social value and wellbeing alongside traditional factors like price and past performance.
By watching the recording, you can gain valuable insights into the impact on your business and the broader landscape, identify potential opportunities and risks for growth, and understand the eight key areas for developing a strong social value strategy.
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