Sovini Construction | Daisy Bank Meadows Social Value Impact Report

Daisy Bank Meadows Social Value Review 2023/24

Contents 01

DAISY BANK MEADOWS

02

OUR IMPACT

03

OUR PEOPLE

04

OUR PARTNERSHIPS

4 | Daisy Bank Meadows

01

Our Unique Group Model:

Daisy Bank Meadows The Sovini Group’s commercial activities complement and support the social and not-for-profit businesses, with profits reinvested to build new homes, improve service delivery, and support the communities who remain centric to everything the Group does.

At present the Group owns and manages in excess of 14,000 homes, rising annually through an active development programme.

The Sovini Group is a key contributor to the social, environmental and economic future growth of the North West.

Daisy Bank Meadows offers a collection of 51 homes, including 41 three and four-bedroom houses and ten onebedroom apartments in the historic Lancashire village of Euxton.

Completed in May 2024 Daisy Bank Meadows provides new residents with modern purpose-built properties for Shared Ownership and Affordable Rent through client One Vision Housing.

Commission services from

The Sovini Group provides high quality construction, property and facilities services to the public, not-for-profit and private sectors, with a unique end-to-end supply chain.

Financial support from profits

Not For Profit

Sovini Charities

Central Services

Commercial

One Vision Housing

IT

Pine Court Housing Association

Governance Policy

Sovini Property Services Sovini Trade Supplies Sovini Waste Sovini Land Acquisition Sovini Construction Amianto Services Teal Scaffold Sovini Charities

Procurement Finance Marketing & Communication People & Learning Performance Health & Safety Customer Empowerment Quality & Environmental

Our Unique Supply Chain We are proud partners of industry leading organisations within the built environment, who share our commitment in driving industry change and providing social value.

Independent builder’s merchants supplying quality products to repairs, maintenance and construction companies throughout the UK.

Specialist maintenance providers who offer a single contractor approach to repairs, maintenance, estate management and compliance.

Offering a high quality and reliable commercial scaffolding service to all sectors and industries.

Provide passive fire protection services, licensed and non-licensed asbestos removal and disposal across the UK.

Provide a circular economy service including the full spectrum of waste management services, from skip hire and waste disposal to management reports and site consultation.

8 | Our Impact We remain committed to not only delivering affordable homes but also leaving a lasting legacy of community resilience and prosperity.

02

To enhance the health and wellbeing of both new and existing residents, we have actively contributed to the transformation and development of the pond area. This provides a space for the community to enjoy as well as fostering a sense of unity and connection among residents. The newly created space could serve as a hub for social interactions, promoting a more cohesive community.

Our Impact Economic benefits have been established through the local supply chain and the local workforce providing goods and services to businesses and communities across the North-West.

Daisy Bank Meadows

Number

Local %*

Businesses

73

85%

Workforce

387

93%

Impact Area

Value

Social

£8.28m

Non Cashable

Economic

£1.66m

Cashable

Environmental

£37.8k

Non Cashable

£9.98m

Combined Impact

*Local is considered to be from Lancashire, Greater Manchester, Liverpool City Region and Cheshire, Impact values are aligned with National TOMs Framework

In addition to complementing the nearby existing nature trail, the space aims to encourage outdoor activities, providing residents with opportunities for physical exercise, nature appreciation, and a break

from the hustle and bustle of daily life.

The carefully designed space promotes mental wellness by offering a tranquil environment for relaxation and reflection.

We extend our special thanks to Westshield Groundworks for their invaluable support in bringing this vision to life. Together, we have established a lasting legacy, ensuring that local residents can reap the benefits of this communal space for years to come, fostering a healthier, happier, and more connected community.

The creation of social value through the activities The Sovini Group and its partners have undertaken during the development of

Daisy Bank Meadows have resulted in the following values and impact being achieved:

£3.8m

£9.98m

£2.63

DEVELOPMENT COST

SOCIAL IMPACT VALUE CREATED

SOCIAL RETURN ON INVESTMENT (SROI)

A full assessment and review of the activities that took place to bring the development into use has been undertaken.

This has resulted in the following social, economic and environmental values being created during the renovation works.

Social Impact Social benefits established through employment, training, and education activities provided on the development, resulted in the delivery of an impact value of £8.28m

Economic Impact Economic benefits established through using a local supply chain and workforce (where possible) to complete works on the development, resulted in an impact value of £1.66m

Environmental Impact Environmental benefits established through the year one projected savings on energy consumption, plus creation of new communal space resulted in the delivery of an impact value of £37.8k

12 | Our People

03

All 387 individuals working on the development underwent site specific inductions before any work commenced..

40 colleagues from The Sovini Group collaborated with Sovini Construction on Daisy Bank Meadows.

Our People

All employees have access to a bespoke e-learning platform MyLearning to support their personal and professional

We proudly create opportunities for talented individuals from the Liverpool City Region and beyond.

387 individuals worked collaboratively to deliver the project with 359 (93%) classed as being local to the development.

REGIONAL BREAKDOWN OF WORKFORCE

33%

LANCASHIRE

29%

LIVERPOOL CITY REGION

23%

GREATER MANCHESTER

8%

CHESHIRE

7%

OTHER

development. The Group offers employee benefits and access to support through the Employee Assistance Programme. Two Apprentices gained experience and skills on the Daisy Bank Meadows development.

Sovini Construction’s Assistant Site Manager continued learning one day a week at John Moore University Liverpool during the development of Daisy Bank Meadows.

14 | Our Partnerships

04

Our Partnerships We believe that we achieve success through collaboration and endeavour to partner with like-minded organisations as we strive to create a better future.

Through business analysis we can demonstrate:

• The businesses who collaboratively delivered the project

• The business locations

Environmental gains have been achieved through areas such as; innovative ways of recycling construction waste, using Euro 6 standard fuel-efficient vehicles, Fleetmatics toolkits, local recruitment and use of local suppliers to create a value of £43k.

This commitment is evident at Daisy Bank Meadows. When the original developer, Mulbury Homes, faced administration in 2022, we provided a lifeline to local businesses. Our initiative opened the door for local suppliers to seamlessly integrate into the Group’s supply chain, ensuring the continuity of economic activities in the region.

• A breakdown of the spend by business

Business Analysis The business analysis looks to establish;

1. Businesses who worked on development 2. Business location 3. Business spend Cheshire 11%

Our commitment to utilising local labour and suppliers is not just a business practice; it’s a pledge to foster positive impacts on the communities we operate in. We recognise that supporting local businesses contributes to the sustainability of the regions we serve, delivering social, economic, and environmental benefits.

Liverpool City Region 38%

Other 15%

85%

93% Greater Manchester 15% Lanchashire 21%

The response from local businesses was overwhelmingly positive, with several suppliers seizing the opportunity to participate in the development. As a result, 15 Lancashire-based businesses secured new projects or continued existing work, positively impacting the lives of 128 employees. Beyond creating job security, this collaborative effort has become a driving force in sustaining the local economy, reinforcing the link between business success and community prosperity.

sovini.co.uk/construction 0151 523 2277