local sp = require(game.ServerScriptService.StudioPlus)

local code = [[

    scope applyValue -> function(object, value)
        sp(object).val(value)
    <-

    applyValue(Workspace.BasePlate, "test")

]]

local executable = sp(code).exe() --returns a loadstring.  'code' has been converted to lua code

executable() --call the loadstring

--[[
    The error:

    17:19:16.147 - [string "    ..."]:3: attempt to call global 'sp' (a nil value)
    17:19:16.148 - Stack Begin
    17:19:16.149 - Script '[string "    ..."]', Line 3 - local applyValue
    17:19:16.150 - Script '[string "    ..."]', Line 6 - local executable
    17:19:16.151 - Script 'Workspace.Script', Line 15
    17:19:16.152 - Stack End

]]