Social value is an essential factor that goes beyond cost efficiency to encompass the broader impacts on society. Integrating social value into procurement strategies enables the NHS to leverage its substantial purchasing power to achieve positive social, economic, and environmental outcomes.
This approach supports local economies, promotes sustainability, and helps reduce health inequalities by considering factors such as employment opportunities for disadvantaged groups, sourcing from local businesses, and insisting on environmentally sustainable practices from suppliers.
Emphasising social value in procurement not only aligns with governmental policies and public expectations but also enhances community health and well-being, which are integral to the NHS’s overarching mission. Thus, incorporating social value is not just a regulatory compliance issue but a strategic approach to foster a more inclusive and sustainable society.
