Social Value
Social Value is at the core of everything we do here at LHC Procurement Group.
The RS5 framework includes a commitment to deliver increased added value by clearly defining social value to be delivered, and systems for measuring and monitoring it. LHC Procurement Group appointed companies will support, facilitate and influence public sector contracting authorities in maximising the opportunities to increase social value delivered through RS5 projects.
Furthermore the RS5 Social Value Objectives and Expectations Appendix sets out social value priorities and measures for this framework, aligning the nature of the framework and partner priorities. To support appointed companies to deliver more social value through projects awarded via the RS5 framework, we have created guides and tools to aid you, through our Social Value Toolkit.
Our mission is to Improve lives and places through quality procurement solutions by maximising public benefit, re-investing surplus in communities, and through living our values.
Published in March 2024, our three-year Social Value Strategy defines our social value priorities and how we will work with our partners to deliver them.
Social Value Priorities
The highlighted segments show the key social value impact areas that RS5 aims to deliver
- Individual Wellbeing
Health, feeling safe & secure
- Planet & Environment
Carbon neutral business activities, improving local environment
- Social Mobility
Affordability, Training, Apprenticeships
Partners in each region have the opportunity to create and distribute a Community Benefit Fund. The fund is generated from the rebate partners receive if they spend over a specified threshold on LHC frameworks.
An additional community benefit fund is available to LHC Board partner organisations. We work with partners in each region to find a local charity partner who can help them distribute grants to worthwhile projects and causes. Projects and causes must meet specific criteria determined by partners, to ensure the Community Benefit Fund is used to support local needs and objectives.
Find out how each region creates and distributes their Community Benefit Fund.
