Buy Social Corporate Challenge
The Buy Social Corporate Challenge will see a group of high profile businesses aim to spend £1 billion with social enterprises by 2020. The initiative is a first for the social enterprise sector.
Led by Social Enterprise UK in partnership with the Cabinet Office and Business in the Community, a number of forward-thinking corporates are set to open up their supply chains to the UK’s 70,000 social enterprises. The founding partners are Interserve, Johnson & Johnson, PwC, RBS Group, Santander, Wates, and Zurich. The ambition is to enlist far more businesses, from a diverse range of industries, to take part.
The Corporate Challenge launched in April 2016 at a reception at Number 11 Downing Street with Minister for Civil Society, Rob Wilson, who says:
'This exciting project will have a huge impact on the social enterprise sector. This isn’t about asking businesses to spend more, but to spend in a way which helps us to build a bigger stronger society. It’s a win-win for businesses and social enterprises and I hope to see more big businesses sign up to the Challenge.'
CORPORATE CHALLENGE PARTNERS RECEIVE A PACKAGE OF SUPPORT
Partners are supported to buy and source from social enterprises - this includes:
- A review of your supply chain and benchmarking existing social enterprise spend.
- Training for procurement teams.
- Brokerage support.
- Advice and support on how to measuring the impact of your spend with social enterprises, and how to use this in sustainability reporting/bid writing.
WHY BRING SOCIAL ENTERPRISES INTO YOUR SUPPLY CHAIN?
Procuring from social enterprises gives private sector organisations the opportunity to be a force for good in the communities in which they operate. They can help businesses to meet their supplier diversity aims and often bring with them innovation and creativity.
Also, more businesses are buying goods and services from social enterprises as a result of wanting to demonstrate their commitment to social value and to comply with the Social Value Act.
FIND OUT MORE ABOUT SIGNING UP TO THE CORPORATE CHALLENGE
For an informal conversation to explore whether the Corporate Challenge might be of interest to your business, contact Charlie Wigglesworth at Social Enterprise UK. Email firstname.lastname@example.org or telephone 020 3589 4952.
Read more about Social Enterprise UK’s award-winning Buy Social campaign.