Social ValueStatement

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A COMMUNITY BENEFIT SOCIETY

OWNED & FINANCED BY THE LOCAL COMMUNITY

www.localfooddirect.co.uk

Revitalising Rural EconomiesSupporting local, small-scale farms and independent food and drink producers across Somerset, sustaining existing employment and creating new jobs for local people.

Supporting CommunitiesProviding a friendly home delivery service to our communities across Somerset, including complete meals made with locally sourced ingredients which supports our elders to continue living independently.

Promoting Health and Well-beingCreating the opportunity for therapeutic growing projects to raise funding through the sale of fresh produce, and bringing people together around food to build communities and reduce isolation and food poverty.

Protecting the Natural EnvironmentPromoting ecological growing and farming methods that improve soil quality and increase biodiversity to protect the natural environment and mitigate the impact of climate change.

12, 26, 49,18

4655 C

188, 159, 119

#BC9F77

CMYK:

Pantones:

RGB:

Web:

35, 0,100,12

7745 C

159, 188, 46

#9FBC2E

2.

We believe all locally based micro and small businesses contribute to addressing the socioeconomic needs and challenges of our wider Somerset communities. However, as a Community Benefit Society, we know we have to do even more. We have spoken to our suppliers, staff, customers and other consumers of local food, so we know what it is you value.

We will utilise your Somerset Local Food delivery service to meet the social impact priorities for your communities, for your families and for future generations of Somerset residents. 2

1 “Businesses create economic value as market actors whilst simultaneously creating shared value for society byaddressing its needs and challenges” Michael Porter, Harvard Business review, 20112 “Social value refers to the value society itself sets on things” Joseph Schumpeter, Quarterly Journal of Economics,19083 “In truth, the core nature of investment and return is not a trade off between social and financial interest but rather the pursuit of an embedded value proposition composed of both” California Management Review, Vol 45, No4, Summer 2003

We will also encourage our community of producers, staff, customers and consumers to fully engage in our social values, and contribute to the impact we all have through the choices we make and the things we do, and we will ensure the financial investment made by our members and investors is not a trade off between social and financial interest but rather the pursuit of an embedded value proposition composed of both.3