Stakeholders' views sought on the Social Value Act

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The government has launched a consultation, as part of a wider review, to assess how well the Social Value Act is working, and whether it would be beneficial to extend it.

The review will also look at how the Act might be extended in a way that continues to support small businesses and voluntary, charity and social enterprise organisations to bid for public contracts.

The review is being led by Lord Young, the Prime Minister’s Adviser on Enterprise, supported by Chris White MP, Hazel Blears MP, the Federation of Small Businesses, and Michael O’Toole, chief executive of Mentor UK.

The Social Value Act came into force in January 2013 and applies to public services contracts above the EU threshold for the application of EU procurement rules. It requires commissioners in England and Wales to think about the value they can secure for their area when buying services at the pre-procurement stage. It requires them to consider how the services they are going to buy might improve the economic, social or environmental well-being of the area; how they might secure this improvement and whether they should consult on these issues.

The consultation is hoping to gather evidence from a wide range of stakeholders and will remain open until 28 November 2014. The review's findings will be published in early 2015.

Click here to respond to the consultation.