{"id":2394,"date":"2024-11-25T17:14:35","date_gmt":"2024-11-25T17:14:35","guid":{"rendered":"https:\/\/mindworks.co.uk\/blog\/?p=2394"},"modified":"2025-04-01T13:51:09","modified_gmt":"2025-04-01T13:51:09","slug":"pending-social-value-legislation-and-the-eo-advantage","status":"publish","type":"post","link":"https:\/\/mindworks.co.uk\/blog\/pending-social-value-legislation-and-the-eo-advantage\/","title":{"rendered":"Pending Social Value legislation and the\u00a0EO\u00a0advantage"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2394\" class=\"elementor elementor-2394\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cb618c9 e-flex e-con-boxed e-con e-parent\" data-id=\"cb618c9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-585437b elementor-widget elementor-widget-text-editor\" data-id=\"585437b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Author: Michelle Leggatt, Managing Director, MindWorks Marketing<\/strong><\/p><p>As this year\u2019s annual <a href=\"https:\/\/employeeownership.co.uk\/Site\/Site\/rise\/Events\/Event-Detail.aspx?EventKey=CONNOV24\">Employee Ownership Association (EOA) conference<\/a> approaches, we are reflecting on how an employee-owned (EO) model supports the pending legislation in February 2025 to make companies with over 20 employees factor in <a href=\"https:\/\/www.local.gov.uk\/our-support\/procurement-hub\/transforming-public-procurement\">Social Value<\/a>, which emphasises wellbeing, sustainability and giving back to local communities, when bidding for government contracts.\u00a0<\/p><p>With rising energy costs and an increasingly competitive marketplace, it\u2019s tempting to think that social value and sustainability might not be top of the priorities list. But we\u2019ve always believed that social value makes good business sense.<\/p><p>Firstly, a company\u2019s social impact is of growing importance for clients and employees. And its economic value is measurable. Customers are keen to know about a company\u2019s community or wellbeing initiatives and the sustainability of their supply chains. It also boosts recruitment and retention of staff.<\/p><p>We asked key stakeholders from our own community \u2013 an employee, a client and a supplier \u2013 to share their views on how our being EO with a focus on social value impacts their experience working with us:<\/p><h4><strong>Employee Perspective:<\/strong><\/h4><p>Lucy Carver, Senior Account Manager and Co-owner at MindWorks: <em>\u201cEmployee ownership means everyone has a stake in the business, and employees\u2019 wellbeing is valued. As a working mother who wants to excel in a career while being there for my family, it\u2019s empowering to work for an EO company that understands the importance of a flexible work-life balance \u2013 it\u2019s not just lip service. Knowing that the company\u2019s commitment to social value also extends to initiatives such as supporting local apprenticeships and sustainable business practices makes me proud to work here.&#8221;<\/em><\/p><h4><strong>Client Perspective:<\/strong><\/h4><p>Alex Rae, CEO of EO company, <a href=\"https:\/\/wiseinvestment.co.uk\/\">Wise Investment<\/a>: <em>&#8220;MindWorks\u2019 employee-owned model means that everyone we work with there has a vested interest in our projects. We\u2019ve been clients for several years, and what stands out is the team\u2019s dedication to bringing more than just creative and technical expertise to the table; they bring a vision for how we have a broader impact, from using eco-friendly materials to creating online content that reflects both our brand and our social initiatives. We\u2019re proud to be associated with a company that cares not just about the bottom line, but also about leaving a lasting positive impact on society \u2013 and that\u2019s what keeps us coming back.&#8221;<\/em><\/p><h4><strong>Supplier perspective<\/strong><\/h4><p>Rob Praine, Managing Director of <a href=\"https:\/\/emphasiseventproduction.co.uk\/\">Emphasis<\/a>, event production company: <em>&#8220;Working with an EO company that shares our commitment to responsible and transparent business practices benefits everyone involved. The open communication and genuine collaboration help us find sustainable solutions for even the most challenging setups. It\u2019s not just about meeting the contract&#8217;s terms but going beyond that to ensure everything we do leaves a positive footprint.\u201d<\/em><\/p><p>From offering flexible working conditions to providing young people with career opportunities through apprenticeships, we believe that incorporating social value builds a culture of innovation and commitment to a better society. And as an EO company, we\u2019ve always known that it pays to go beyond the basics and aim for something better.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>As this year\u2019s annual Employee Ownership Association (EOA) conference approaches, we are reflecting on how an employee-owned (EO) model supports the pending legislation in February 2025 to make companies with over 20 employees factor in Social Value.<\/p>\n","protected":false},"author":2,"featured_media":441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-category-1"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - 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