Header Banner for Blog

Understanding Social Value

In the UK, the concept of social value is becoming increasingly integral to major infrastructure projects, particularly within the highways industry. Social value focuses on the broader benefits that an organisation or project can bring to society, beyond the immediate deliverables. For the highways sector, which plays a critical role in national infrastructure, incorporating social value means that projects don’t just aim for economic efficiency but also contribute positively to communities, the environment, and the local economy.

In practical terms, social value could be delivered through job creation, skills development, environmental sustainability efforts, or initiatives that promote health and well-being. Importantly, social value applies not just during the construction phase of highways but throughout the lifecycle of the project, from planning to long-term maintenance.

The highways industry is uniquely positioned to contribute significantly to social value due to the scope and scale of its projects. Whether building new roadways, maintaining existing infrastructure, or improving traffic systems, highways projects offer numerous opportunities to enhance local communities. Here are some key areas where social value is often realised:

  • Local Employment and Skills Development
  • Supporting SMEs and Local Supply Chains.
  • Environmental Sustainability
  • Health and Well-being Initiatives
  • Community Engagement and Inclusivity

Measuring social value can be challenging due to its qualitative nature, however, there are various frameworks and tools that are designed specifically to quantify these benefits.

In the highways industry, the incorporation of social value is about creating infrastructure that enhances the lives of the people who use it, while also fostering a more sustainable and equitable society. From local job creation and skills development to environmental stewardship and community engagement, social value is at the heart of modern highways projects.

As the UK continues to prioritise social value through its procurement processes, contractors in the highways industry will increasingly be expected to demonstrate their commitment to generating positive societal outcomes. This shift is not only transforming the way highways are built and maintained but also shaping a more inclusive and sustainable future for all.

 

Leave a comment