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More than money: the urgency of tracking social value

Social value should be “as necessary as meeting building regulations” if developers and local authorities are to earn the trust of communities.

This was the message from industry experts questioned by the London Assembly Planning and Regeneration Committee as part of an ongoing investigation into how social value factors into planning decisions across the capital.

The committee’s investigation comes on the back of the London Sustainable Development Commission’s Embedding Social Value into the London Plan, published in August, which made recommendations for how the London Plan can facilitate the realisation of greater social value and promote the mayor’s Good Growth programme. This included the recommendation that the London Plan needs to require every developer to make a social value statement.

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