Social Value Competition Report
Health and social care leaders in North West England launched a local and international search for bright ideas to solve some difficult problems. Thought to be the first of its kind in the NHS, it was not only open to local residents and communities, but also to people from every walk of life such as artists, technologists, scientists, engineers, academics students or business people from across the World.
For each of the 3 problems posed, there were cash prizes of £1000 available for the best nine ideas. Read what happened here.
What is social value?
Social value is the additional benefit to the community from a commissioning / procurement process over and above the direct purchasing of goods, services and outcomes. It is designed to maximise the value of the money spent during commissioning through considering the wider benefits of spending, for the customer, community and general public. Social value asks the question: ‘If £1 is spent on the delivery of goods, services and outcomes, can that same £1 also be used, at the same time, to also produce a wider benefit to the community?’
Social Value has relevance for the third sector as often the services they provide do have wider community benefits. For example supporting people with mental health problems to improve their confidence, develop their skills, and be able to return to work has wider benefits.
The NHS NW has been the lead SHA in identifying how Social Value can be implemented and measured through running pilots which have now been developed into a Social Value Toolkit Report .
The NHS NW has also produced a series of easy read guides covering different aspects of Social Value for commissioners, procurers and providers: