Social value describes the wider social, economic, and environmental benefits that derive from an organisation’s work or from the commissioning of services or the purchasing of goods.
Social procurement – which is sometimes called social purchasing – is a way for businesses, public sector bodies and Housing Associations to buy more wisely. It helps to generate social value beyond the goods or services they require.
Housing is increasingly seen as the first social service: “Our homes are more than just roofs over our heads. They are a safety net and springboard to a better life.” Secretary of State: Green Paper – A New Deal for Social Housing
Traditionally, charities used to set up trading subsidiaries (as standard limited companies) where they owned all the shares in the subsidiary. This was in order undertake trading activity that wasn’t part of the charity’s objects/core activities