A new report by Social Enterprise UK has called for the social value act to be strengthened and for social value to be included in devolution deals. The report, entitled Our Money, Our Future, by the author of the act, Chris White, makes five key recommendations to strengthen the act and ‘ensure that taxpayers receive value for money’. According to the report, the act is ‘only scratching the surface of what is possible’ and currently accounts for around £25bn of public spending. It calls for the legislation, which came into force in January 2013, to be extended to cover all public spending and decision-making. The act needs to be strengthened to require commissioners to ‘account for’ and not just ‘consider’ social value, it says. It also calls for social value to be included in devolution deals, as devolved administrations can bring the ‘democratic principle, cross-agency working, consensus-building and an aspiration … (To read the full article, subscribe below)

jamiehailstone
Jamie Hailstone is senior reporter - NewStart