Social Value Act: Lord Young’s Report Published

From the Cabinet Office.

In September 2014 the government announced a review of the Social Value Act.

The review found that the Act is having a positive effect where it is taken up, and that it has clear potential to act as a tool for smarter procurement given the right application. The review also makes recommendations around how to further develop the social value agenda and to move the Act into its next phase of implementation.

In recognition of the positive effect we have seen so far, Lord Young has asked the Minister for the Cabinet Office to prevent the Act’s thresholds from increasing to 750,000 euros for many services when the new Public Contracts Regulations 2015 come into force.

Read more over at the Cabinet Office website here