DfT value for money indicator
Proportion of spending on transport projects granted final approval by ministers and assessed to be high and very high value for money.
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The indicator gives the proportion of project spending that is assessed to be high and very high value for money according to our framework. It includes projects that have received final approval in the reported calendar year.
The indicator reports on the value for money these projects are expected to deliver, when the investment decision is made, rather than the value for money achieved once implemented. The report aims to provide transparency on decision-making rather than monitor and evaluate performance.
The value for money indicator metric has been published annually since 2011 as part of the Department for Transport’s Single Departmental Plan.
This guidance was previously published as a PDF. See the UK Government Web Archive.
Last updated 19 December 2022 + show all updates
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Error correction: M4 J3-12 smart motorway reference altered from ‘Medium’ to ‘High’.
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2018 and 2019 value for money indicator information released.
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2017 value for money indicator report released.
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Value for money indicators added for 2015 and 2016.
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Added January to December 2014 indicator.
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Project appraisal reports for 2013 and January to June 2014 released.
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First published.