The forthcoming Transforming Public Procurement Bill is set to bring about substantial changes to the UK’s public procurement regime, with an explicit commitment to unleash opportunities for small businesses, charities and social enterprises to innovate in public service delivery. This ambition was also emphasised in the recent Levelling Up White Paper, which reaffirmed the Government’s commitment to putting social value at the heart of commissioning and procurement.
There is a great opportunity to transform public service delivery through the social economy – including trading charities, social enterprises, community businesses and other social purpose organisations. This paper revisits the role that social investment can play in supporting the social value agenda, using the learnings from SIB’s historic funds – like the Futurebuilders England Fund – which aimed to support charities and social enterprises to bid for, win and deliver public service contracts.
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