Page 43 - Pobl Annual Report FY25

Annual Report 2025 41
Social Value
Maximising our impact
Our approach to creating social value is closely aligned with the principles and goals of the
Well‐being of Future Generations (Wales) Act 2015. We adopt a consistent, person‐centred
approach to service delivery, embedding social, economic, environmental, and cultural considerations
across all aspects of our operations. Our procurement and contract management practices
proactively generate community benefits that contribute to long‐term wellbeing and sustainable
development and we collected £41k through our procurement levy in the year. When we tender
for goods or services, we typically include 5‐10% weighting for social value and environmental
factors to ensure sustainability is prioritised.
This approach ensures that we maximise value for money while delivering tangible, lasting
impact for individuals and communities. It reflects our commitment to the Act’s goals ‐ including
a prosperous, resilient, and more equal Wales, where cohesive communities and the wellbeing
of future generations are at the forefront of decision‐making. Our contractors and suppliers have
continued to support our communities through our procurement and community benefit contractual
clauses, with contributions that align directly with the Act’s seven well‐being goals:
• Supporting a prosperous Wales by using local supply chains and actively engaging with
small and medium‐sized enterprises (SMEs) to strengthen the foundational economy.
• Contributing to a more equal and healthier Wales through local recruitment, apprenticeships,
work placements and training opportunities, alongside the promotion of flexible working
and fair, competitive salaries.
• Fostering cohesive communities by working collaboratively with our partners and suppliers,
we are ensuring that regeneration delivers inclusive growth and long‐term benefits.
Securing Grant Funding to Drive Positive Change
Investing in Communities and People
Supporting the Welsh Economy
Partnership Working to Increase Our Impact