3 April 2025The Ministry of Housing, Communities & Local Government (MHCLG) has issued the third edition of its Appraisal Guide, ensuring that Ministers and other decision makers have robust evidence on value for money when making policy and investment decisions. The guide is intended to be read in conjunction with the HM Treasury Green Book and aims to:
- ​Help ensure consistency in MHCLG appraisals
- Update and develop the methods and assumptions employed in MHCLG appraisals
The guide sets out the default assumptions, theoretical framework, and metrics to be adopted by analysts in MHCLG, its agencies, and local authorities for appraisals.
