Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 27
27
Acknowledged
Green Book reforms welcomed but place-based pilot projects remain unlaunched.
Conclusion
For decades, there has been a perception that HM Treasury’s investment decisions have benefitted some parts of England at the expense of others. We therefore welcome HM Treasury’s Green Book reforms to introduce place-based business cases, which will change how costs and benefits are assessed for major housing and infrastructure investments. However, it is concerning that the Government has not yet launched its pilot projects under the new model, which is due to be implemented nationally in spring
Government Response Summary
Initial engagement across Government and local government on the early adopter programme has already begun, and the Government will be agreeing an ambitious timeline for the delivery of the early adopter programme and wider rollout of place based business cases in due course.
Government Response
Acknowledged
HM Government
Acknowledged
67. Initial engagement across Government and local government on the early adopter programme has already begun. Government will be agreeing an ambitious timeline for the delivery of the early adopter programme and wider rollout of place based business cases in due course. 68. The Government will ensure that value for money assessments for the new towns programme adopt a holistic approach that considers the full range of monetisable and non-monetisable social, environmental and economic impacts associated with new towns. Land value uplift is just one benefit that will be considered in line with the Ministry’s appraisal guidance and the HM Treasury Green Book review.