Rachel Reeves updates mayors on Green Book reforms to boost investment in under-invested UK regions

HM Treasury

4d ago· 3 min readenNews

Summary

Chancellor Rachel Reeves is pushing forward with reforms to the Green Book — the government's investment appraisal guidance — to ensure that projects across all parts of the UK, particularly historically under-invested regions, receive fair consideration. The updated guidance moves beyond single metrics like benefit-cost ratios to include broader economic and social impacts. Reeves has written to mayors to update them on these changes, which aim to strengthen confidence in how the government invests in local communities.

Source

bskyRachel Reeves updates mayors on Green Book reforms to boost investment in under-invested UK regionsgov.uk

Key quotes

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Rachel Reeves has written to mayors today [30 June] to update on new action being taken one year on from the review of the Green Book to ensure projects in all parts of the country get the backing they deserve

The Green Book – the government's guidance on value for money of investments – was updated in February to ensure decisions are no longer based solely on single metrics such as benefit-cost ratios but take into account the full range of economic and social impacts that matter for growth

Communities that have been under-invested in and overlooked for decades are now getting a fair hearing as the Chancellor pushes forward with her overhaul of how investment decisions are made by government

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Communities that have been under-invested in and overlooked for decades are now getting a fair hearing as the Chancellor pushes forward with her overhaul of how investment decisions are made by government.

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