Value environmental improvements - environmental benefits and OM4
How to appraise and value the environmental impacts of FCERM projects for risk management authorities (RMAs) and project teams.
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This is guidance to support the appraisal of FCERM projects. You should have read the FCERM appraisal guidance manual before using this document.
When you’re developing the economic case for an FCERM project you should consider the environmental outcomes of different options. This guidance helps you appraise and value environmental improvements that deliver environmental benefits and outcome measure 4 (OM4) so that they can be included in your project’s economic case and the partnership funding calculator 2020.
It explains how to define the baseline, identify, describe and value the main impacts and capture the outcomes in the partnership funding calculator 2020