£34.9 million generated in social and economic value for Cornwall
We recently published our annual report for year three of our involvement on Cornwall Council’s BEPS Framework: 2021/2022
We are happy to announce that our work with Cornwall Council over the past three years has resulted in £34.9 million of social value.
We recently released our annual report following our third year of work with Cornwall Council on the £650 million construction and infrastructure capital programme of investment within the Built Environment Professional Services (BEPS) Framework.
In the report, we shared a summary of our work across the various programmes to date. The added social and economic value has been achieved through creating new jobs, facilitated training and spending with local and small businesses.
“In the built environment sector we know that we can have a more profound impact than is often understood, and this overview of our work to date reinforces that.”
As a local team of Cornish-based Project and Cost Managers, Architects, Engineers and various other professional service providers – we have been working hard to create spaces, infrastructure and buildings that improve people’s lives and support the local economy. As well as the calculated economic impact, the long-term legacy that such work with Cornwall Council can create is significant to ensure a capable and vibrant future workforce for the county.
Our achievement of the social value targets which we set up and agreed with Cornwall Council from the standards of the Construction Industry Training Board is a real high point. For instance, we’ve created 95 new jobs across our partner businesses in the region and 15 apprenticeships against a target total of nine, exceeded the target of four construction careers events by 41 and delivered 199 weeks of training against a target of 63.
To achieve these results we worked with our wide network of local and national suppliers to bring expert and cost-effective project management, architecture, engineering and surveying support to a range of programmes across Cornwall ranging from transport, schools, town regeneration and housing.
Some of the projects we worked on to produce these results include Spaceport Cornwall, Looe Flood Defence, Town Deals for Truro, St Ives, Camborne and Penzance, and the Schools Basic Needs and Backlog Maintenance Programmes.
We’re very glad to be able to present such strong results and evidence MWJV’s value and continued improvement. We’ve learned a lot from working on the BEPS Framework and are now looking forward to our fourth year where we hope to continue to exceed our targets.
Our annual reports are a great chance to reflect on the work we’ve been doing and are an important step in helping us to continue to refine and improve our processes to ensure we’re delivering the best and most cost-effective work for the people of Cornwall.
In the report, you can also see a breakdown of our financial performance, which includes a turnover of £8.17m with £16,000 in charitable donations. Key performance indicators are also included, with the vast majority meeting and exceeding targets, and customer satisfaction has resulted in a net promoter score of 47.
More information on our performance can be found here. Or you can see the full annual report for yourself.