The recent renovation projects at Belper School & Sixth Form Centre, Anthony Gell School, and Wirksworth Junior School, which were undertaken on behalf of Derbyshire County Council, have generated over £550,000 in social value for the local community. These projects have also provided a boost to the local economy, with over £210,000 being spent with local MSMEs.
The works carried out at these schools include re-wiring, installation of new roofs, and relaying of floors, which not only enhance the physical infrastructure of the schools but also generate much-needed economic activity in the area.
The project teams of Concertus Design & Property Consultants and Stepnell have also contributed to the local community through various initiatives. They have secured nearly 6 weeks of apprenticeships and over 60 hours of support for local schools, colleges, and individuals needing employability skills. The teams have engaged with over 200 students in five Derbyshire schools and colleges through careers fairs, mock interviews, and STEM workshops. These initiatives provide valuable opportunities for young people to develop their skills and explore future career paths.
The renovation projects at these schools have not only improved the physical infrastructure but have also provided significant social value to the local community. The engagement of local supply chain partners and support for local unemployed people have helped to strengthen the local economy and provide valuable opportunities for young people in the area.
What is social value?
Social value refers to the positive impact that a business, organisation, or project has on society beyond its financial or economic benefits. It is the measure of how much a business or program contributes to improving the wellbeing of the community in which it operates.
To create social value, businesses and organisations need to work collaboratively with their communities and other stakeholders to identify and address societal needs. This can involve investing in social programs, adopting sustainable business practices, and promoting diversity and inclusion.