Creating social value from working with the social enterprise sector Rhianna Peploe, Section Manager, NHC Wates Construction

Wates - Introduction Wates Group is one of the largest privately owned construction, development and maintenance services business in the UK - >£1.5bn t/o; 4,000 employees Wates Construction is a UK-wide contractor specialising in maximising value for customers in the public and private sector, with an uncompromising focus on Safety and Quality We are incredibly proud of the work we do beyond building to support and help the communities where we work and thrive.

Our commitments Our Aspiration: We will enable new jobs and training opportunities for those who are marginalised from the workplace by supporting the social enterprise sector. Our Goal: Every project will work with a social enterprise and our investment to the sector will exceed £20m cumulatively by 2020.

Our approach to working with SE’s Other external funding leveraged by Wates to support the sector Social Investment Direct Trade between Wates and Social Enterprise (SEB) Direct Trading • Indirect spend through our clients and/or supply chain Indirect Trading Major or employee sponsored awards to SE’s Wates Giving Direct Trade – We currently directly trade with a number of social enterprises. An example is that we directly employee companies as subcontractors to undertake works such as builders clean Indirect Trading – We encourage our clients and supply chain to use social enterprises where possible, including ensuring that our logistics companies use social enterprise skip companies Wates Giving – Through Wates Giving we aim to invest around £1 million every year in charitable activities which benefit communities for the long term. Wates Giving holds awards that support the start-up and growth of social enterprises External Funding Leveraged –

Construction (inc Scape) Wates Spending Spend on Social Enterprise 2018 Spend VS Business Targets Construction (inc Scape) London London Residential Northern Residential SHC NHC North East North West Midlands Strategic SES Annual Target £1,400,000 £250,000 £150,000 £100,000   £50,000 YTD Spend £1,471,753 £262,410 £94,093 £25,953 £99,965 £313,010 £119,514 £117,444 £412,855 £23,498 £3,013 YTD Target £1,050,000 £187,500 £112,500 £75,000 £37,500 £20 million spend by £2020 – Throughout the business/accumulative total Total to Date Spend - £14,657,529 end of September 2018 As a group annual target of 3.5 million and £1.4 is through Wates Construction Predict a target of £400,000 Wates Construction Ltd, have an annual Target of £1.4million Social Enterprise Spend in 2018 Up to the end of September 2018, spend to date is £1.47million.

Northern Home Counties SE Spend 2018 Oakham Romford

Northern Home Counties Spend SE Trades that NHC spend with Waste Recycling Welfare Cleaning Builders Clean Stationary Welfare Products Apprenticeships Signage – Temporary and Permanent Soft Landscaping Wates engage with social enterprises to provide products/services or low risk subcontract works

Researching the success 77% Money spent by Wates with SEs generates 77% more social value compared with commercial businesses 66% Majority of social value created (£206,580) is from employing people who face barriers to employment, such as ex-offenders 38% 38% of participating social enterprises led by women For every £1 we spend on SE, £1.77 is generaterated in social value 85% Of participating social enterprises led by ethnic minority groups

Why we buy social Drives local procurement and employment and training Enhances brand and opportunities for influence Ensures compliance with EU Procurement Regulations Enables us to source a new and responsible supply chain Aligns with Wates’ values Reinforces our values and drives attraction and retention of people

Summary Wates hope to engage with and encourage more social enterprises in the Northern Home Counties region. We also hope to have more opportunity to employ social enterprises that will enhance the business.