Social Value of Waste Industry to hit £600m

posted 25.10.2012

According to a new report by 2020 the social value of resource management could be worth £600m as the waste industry becomes a more circular economy. Social value which is defined as waste services being run by third sector, charities and community organisations is expected to continue its growth over the next few years.

The main drivers behind the change comes from the savings that Local Authorities are having to make as well as new legislation which means that councils will have to consider social value when services are being commissioned and procured.

A new report ?Creating Value? shows that a slight increase from the current 0.25% share to an average of 2% for third sectors across all public services could create an additional £26m in social value every year.

The change in legislation will impact strongly on the public services, according to the report the impact will not just be felt by Local Authority waste and recycling services but will be felt by services across the board.

"For local authority waste managers, it could have far reaching effects on the way they commission and procure services, as the Act requires councils to demonstrate that social value has been considered in procurement and, if not, there are opportunities for community challenge," the report states.

The report also goes on to give examples of ways that the waste industry can create social value within its activities; for example increasing community participation through reward schemes and engaging with the third sector in certain areas. Creating energy from waste will also be increased if the output is enough to provide low-cost heating for community and domestic properties.

Reuse needs to be focused on much more and help support the community. More support is needed to be given to local refurbishment businesses, swap shows and in creating partnerships with communities that are socially excluded or marginalised.

Recipro feels very strongly about helping the third sector especially when it will also help lower costs and lower the damage done to the environment. Recipro has been able to re-home hundreds of tonnes of construction materials into third sector, which has helped them to start projects that may otherwise have been unable to continue.

Please visit our Community Projects Page to check out the projects that are in need of materials to get the projects moving forward.

Recipro sourced this article from Edie.

Category: in the news, industry, legislation, Paul Jones