Defining Social Value and Sustainability
The Public Services (Social Value) Act 2012 does not define what is meant by ‘Social Value’. Therefore, Coventry City Council has adopted and developed the definition of Social Value as originally set out by the Sustainable Procurement Taskforce. Social Value and Sustainability are defined as:
The umbrella of ‘Economic’, ‘Social’ and ‘Environmental’ themes, whereby the Council meets its needs for goods, services, works and utilities in a way that achieves value for money on a whole life basis in terms of generating benefits not only for the Council, but also to its local society and economy, whilst protecting, sustaining and enhancing the environment for the long term.