Social value is making sure that the services we buy and deliver contribute to the long term health and wellbeing of our local community and the people in it.
We believe that incorporating social value is an integral part of our procurement processes and an example of ‘Social Value in Action’ is being provided by Lloyds Bank. When the banking contract was tendered, Corporate Procurement included social value requirements within the procurement process and Lloyds have been delivering on those requirements into the local community.
Lloyds School Money Talks
Over the past 6 months Lloyds bank have delivered over 30 training sessions to both primary and secondary school children which cover the following areas:
- Primary school/early secondary
- introduction to money
- bringing money to life (history of money from the Romans and bartering)
- CV prep/interview skills/career introductions in banking
- Senior secondary/academies
- budgeting
- credit/debit/savings/mortgages
- career readiness
For the very first time our children had the opportunity to think about money, savings, banks and interest. I look forward to hearing how they put it all into practice!
Victoria Suddes, Deputy Head Teacher, St Stephen’s C.E. Primary School (Willington)
Feedback from staff and pupils was overwhelmingly positive. It has genuinely improved their knowledge of banking and finance.
Sarah Armstrong, Head of Transition, Wellfield School
Lloyds County Durham Foodbanks
Lloyds have been supporting County Durham’s Foodbanks not only financially but also with a team of Lloyds staff volunteering and working in the Durham Foodbank at Chester-le-Street. In addition to their financial donation in Christmas 2018 they will be making a further valuable contribution this Christmas.
Lloyds Bank are delighted to be working alongside Durham County Council to deliver social value into County Durham. The collaboration includes working with foodbanks and schools, aiming to have a positive impact on communities and individuals within County Durham.
Tony Buchan, Regional Relationship Director, Lloyds Bank