HM Treasury have produced guidance intended to help local partnerships assess and evaluate public service transformation proposals. In particular to identify fiscal, economic and public benefits for local and national organisations and communities.
The guide is based on HM Treasury’s Green Book methodology and is a cost-benefit analysis (CBA) model originally developed by New Economy. It has been co-designed by analysts from a number of central government departments. As the document states:
“It is designed to simplify and to lower the cost of performing CBA in the context of local programmes to improve public services where analytical and research resources may be relatively limited. Partnerships across Greater Manchester and in other areas of the UK are using the model in order to appraise and evaluate interventions, and support decisionmaking on investment approaches across public, private and third sector agencies.”
Photo credit: HM Treasury Building, London, by Patton