Published: 30th Jun 2020

There is a ‘high risk of social value becoming too diffuse and lacking focus’ in construction unless urgent action is taken, according to a new report. The report – From the Ground Up – Improving the Delivery of Social Value in Construction – by the Institute of Economic Development (IED), Arup and Atkins warns that there is still a lack of understanding of what social value is in the construction sector. In order to remedy this, the report calls for a Construction Social Value Centre of Excellence to be created, which will help the industry define social value. It also calls for the industry to agree a definition of social value, and what activities are within scope, for the construction sector. The report also calls for the Treasury Green Book, the Social Value Act and initiate mandatory reporting to be updated, in order to improve Treasury guidance on the monetisation of social … (To read the full article, subscribe below)