IDEAS AND POLICY ADVICE
SOCIAL VALUE: MOVING ON FROM THE GREEN BOOK
REPORT FROM THE INFRASTRUCTURE FORUM
HM Treasury’s Green Book needs updating to capture a better assessment of the social value of infrastructure projects
In terms of attempting to measure the economic benefits and social costs of projects, things have moved on since the Green Book was designed. We recommend that government establishes an expert working group to design a clearly written, up to date model to assist those putting forward proposals.
The report sets out six ways to improve the Green Book approach and shows how the Social Value Act could be amended to require public procurers to introduce the new approach.
The Infrastructure Forum is part of the European Policy Forum, which has been improving the quality of policy ideas for the UK and the EU since 1992.
The Forum is highly regarded for its expertise in the financial, energy, transport, telecoms and other regulated sectors.