Hi everyone

The new Regulatory code is now out for consultation and as we predicted the Value for Money standard has changed completely and does show a need for Associations to address 'Social Accounting' principles. Just in case you have not seen it yet it is at http://www.tenantservicesauthority.org/server/show/nav.15065

The introductory passage of the new VFM standard proposed says:

'The proposed standard has been set with the objective of ensuring providers’ boards maintain, and are transparent about, a view in the round of the optimum sustainable performance of all their assets – including for example financial, social and environmental returns - in the context of meeting their organisation’s purpose and objectives'.

There it is - organisations will need to know their social and environmental returns of all their assets. And if that not enough reason to look at this, all bodies tendering out or bidding for work in the public sector will have to either take into account (if offering) or project (if bidding) the social value of the contract when Chris Smith MP's private member bill gets royal assent.

We are busy setting up regional clusters of 3 organisations where they can learn to do this and share the costs, ideas and the processes. 

Email me at hughlaird@boardagency.org.uk if  you would like a detailed proposal to see how it all works.

Best wishes,

Hugh