Consultation outcome

Consultation on the Value for Money Standard

This consultation has concluded

Download the full outcome

Decision statement: consultation on the Value for Money Standard

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email mail@homesandcommunities.co.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Decision Instrument 16: revision to the Value for Money Standard and introduction of an associated Code of Practice

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email mail@homesandcommunities.co.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Letter to registered providers: Value for Money Standard 2018

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email mail@homesandcommunities.co.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Detail of outcome

We will introduce the new Value for Money Standard and a supporting Code of Practice from 1 April 2018.

The Decision statement contains the final outcome of the consultation.

The Decision Instrument records the regulator’s decision about the Value for Money Standard.

The feedback on the Value for Money Metrics Technical Note is published separately on our website.

We have written to providers and we have issued a press release.

Feedback received

Consultation responses via Survey Monkey

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email mail@homesandcommunities.co.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Other consultation responses (not via Survey Monkey)

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email mail@homesandcommunities.co.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Detail of feedback received

Responses to the consultation (with details redacted) are published above.

An analysis of the responses is outlined in the Decision Statement.

Original consultation

Summary

The regulator is proposing to revise and strengthen the existing Value for Money Standard and publish a supporting new Code of Practice.

This consultation ran from
to

Consultation description

The existing Value for Money Standard, introduced in 2012, has had a positive impact, encouraging board engagement in driving improvements and supporting a greater level of transparency and accountability across the sector.

The proposed Standard aims to build on the progress made and move the focus of our regulatory approach away from the primarily narrative self-assessment to more outcome-based reporting from registered providers on targets, including a suite of metrics to be defined, from time to time, by the regulator. It places value for money at the heart of the business.

This consultation is an opportunity for interested persons and organisations to influence how the VfM Standard and the associated Code of Practice are developed and implemented.

The current VfM Standard can be found on the Regulatory Standards page.

The regulator has written a letter to registered providers and also issued a press release.

Documents

Statutory consultation on the Value for Money Standard

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email mail@homesandcommunities.co.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Letter to registered providers - value for money consultation

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email mail@homesandcommunities.co.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 27 September 2017
Last updated 9 March 2018 + show all updates
  1. Value for Money consultation - response published (9 March 2018).
  2. First published.