Guidance
Office for Value for Money (OVfM) investment appraisal criteria
Appraisal criteria to be used by the OVfM when scrutinising the value for money (VfM) of investment proposals.
Documents
Details
These appraisal criteria condense guidance into a set of questions to inform the OVfM’s assessment of investment proposals for Spending Review 2025. The criteria cover all forms of investment, including major projects, maintenance, grants, financial transactions, and invest-to-save initiatives, and have been shared with departments to support the development of proposals.