About Sectors Categories of Spend Social Value Get in Touch Submit Requirement Login Register Social Value “At Bloom we are making it easier for public sector buyers to deliver on their social value goals through our marketplace.” What is Social Value? According to the UK government’s Social Value in Government Procurement Consultation, social value refers to the wider financial and non-financial impacts of projects and programmes including the wellbeing of individuals, communities, social capital and the environment. The UK Public Services (Social Value) Act 2012 has placed social value as a key influence over policy and procurement decision makers. Challenging them to consider the social, economic and environmental benefits on the local economies they operate within. At Bloom we are making it easier for public sector buyers to deliver on their social value goals through our marketplace. Phase 2 Accreditation Social Value runs through the veins of our business, including our systems, policies and processes. This enables us to measure, manage and maximise the social value we offer our customers. How we are achieving Social Value We are embedding social accountability into all decision making via the introduction of operating processes accredited under the Social Value Certificate. We are promoting the good physical and mental health of our staff via a wellbeing programme. We are creating Social Value via an engagement programme to contribute to good causes, both local and national, through volunteering and fundraising initiatives. We are supporting 3rd Sector organisations, to become more sustainable by increasing their financial stability through commercial activity. This is via incorporation into Bloom’s Supply Chain and Resource Pool, alongside training, networking events and on-boarding support. We’re Proud of These Achievements… How do we enable the delivery of Social Value objectives? To date, 70% of projects in our marketplace have been delivered by SMEs and this has enabled the public sector to drive significant growth back into the local economies in which they operate. In 2019 we facilitated the award of 1902 projects to SME suppliers valued at more than £251 million. 1902+ projects awarded to SMEs, with a value of over £250 million. We embed Social Value throughout our eprocurement portal Pro-vide 2.0. This has enabled public sector buyers to set their social value goals and agenda for a project, whilst challenging tendering suppliers to demonstrate how they will add social value and support the delivery of the public sector buyer’s objectives. The Bloom marketplace has a large catalogue of pre accredited third sector suppliers seeking new business opportunities with the public sector. Pro-vide 2.0 also has the functionality to specifically search for third sector suppliers. Bringing the third sector into the marketplace for the delivery of professional services. Case Study | Media Savvy Further Reading Impeller Case Study J C Gill Case Study Resources The Principles of Social Value Guide to the Public Services (Social Value) Act 2012 Social Value in Government Procurement Measuring Social Value The Guide to SROI Procurement Policy Note 11/20: Reserving below threshold procurements WEBINAR | Building Capacity in Children’s Social Care VLOG | Digital Transformation Ready to talk to us about your project? Get in touch Get in Touch Social Media Twitter Linkedin Youtube Sitemap Home About Us The Board Sectors Categories of Spend Social Value Get in Touch Login/Sign-up Work at Bloom Governance & Compliance Complaints Process Modern Slavery Act Privacy Notice Head Office Bloom Procurement Services Ltd Point 5, New Eden House Fletcher Road Gateshead NE8 2ET Designed by BlueShark © 2021 Bloom Procurement Services Ltd