Social value and the Greater Manchester pound
GMHP members are committed to maximising social value through our work across Greater Manchester, and ensuring the benefits are not just felt by those living in our homes, but also the wider community, businesses, and the regional economy.
We look to maximise the social value delivered through our new build programmes and the wider procurement of goods and services across our partnership, generating local job creation, skills development and training opportunities. We also put a huge amount of effort into wider employability activity, raising the living standards of residents, and promoting participation and citizen engagement.
In 2020/21 we helped over 7700 residents into or towards work, facilitated 35,000 hours of volunteering in local communities, supported 594 apprenticeships, and worked with almost 800 voluntary and community groups. And that is just a small snapshot of our impact.
Supporting the Greater Manchester economy
As anchor institutions, intrinsically rooted in Greater Manchester communities, we prioritise investing in the Greater Manchester pound, with our members collectively contributing over £1.2b to the local economy annually.
We are committed to supporting local supply chains and businesses. Last year we spent almost £400m with businesses with an operating base in Greater Manchester, and for every £4 we spend, £3 stays in the region.
We also provide extensive support to social enterprises and focus on building capacity and sustainability of the community and voluntary sector. Last year our members awarded £3.4m in grants to the VCSE sector, and have formal alliances or contracts with almost 200 such organisaitons.