SOCIAL enterprise and procurement consortium Fusion21 has won the ‘Driving Value for Money’ category in the first Cabinet Office Social Value Awards.
The awards – which recognise and celebrate best practice in commissioning and providing social value – were announced at the third Social Value Summit, on Thursday February 11, in London.
Shortlisted alongside Gloucestershire County Council and Data Performance Consultancy, Fusion21 – which has its head office based in Huyton, Merseyside – was selected for demonstrating a clear focus on achieving social value within available budgets, backed up by evidence.
Through a collaborative approach with its membership, Fusion21 has delivered c£125m savings through the procurement process, created over 2300 jobs, and generated around £56m in community impact across the country.
In 2014 – 2015 alone Fusion21 generated £13,901,647 of social return on investment for members – in addition to £13,243,226 in efficiency savings.
Commenting on the win, Dave Neilson, Chief Executive at Fusion21, said: “Fusion21 is committed to generating social value which supports the growth, stabilisation and development of communities – whilst also delivering intelligent procurement solutions and cost savings to our members.
“Our approach to social value seeks to create maximum benefit for communities at a localised level, creating a range of positive outcomes – from job creation, to training and wider community regeneration. We are really proud to have been recognised for our contributions, and winning in such a strong category.”
The Cabinet Office Social Value Awards honour organisations and individuals whose activity reflects recommendations made in the Public Services (Social Value) Act 2012.