Source · Select Committees · Public Administration and Constitutional Affairs Committee
Recommendation 11
11
Paragraph: 60
If the Government wants to invest in areas of slower economic growth, including the North,...
Conclusion
If the Government wants to invest in areas of slower economic growth, including the North, regions and rural areas, it needs to be clear on the objectives of that investment, and set a framework for departments to appraise that investment so that it can pass the TAP hurdles. That might mean accepting lower overall returns for wider benefits, including local regeneration and levelling up.
Paragraph Reference:
60
Government Response
Acknowledged
HM Government
Acknowledged
A revised Green Book will be published at Spending Review (SR) following the review which is looking into, for example, Benefit Cost Ratios, the current appraisal strategy and aspects of the five case model. HMT have ensured that findings from the review are feeding into the SR process ensuring there is a greater focus for bids to reflect policy objectives, with a robust case for intervention and theory of change for how that intervention will be achieved. There will also be more emphasis on the regional impacts of interventions. Business cases for programmes and projects covered in SR20 bids will have to be developed on the basis of the revised Green Book.