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Economic Appraisal

What is a Green Book economic appraisal?

Economic Appraisals - often referred to as 'business cases' - are used to ensure value for money and accountability for UK government expenditure. Appraisals are applied proportionately to any project, policy or programme requiring public funds. HM Treasury set out guidelines for economic appraisals including the 'Green Book' and 10 step process for those projects over £250,000. If you are seeking and/or spending public funds then you need to be aware of the appraisal process and guidelines.

How can McGarry Consulting help?

  • Deliver economic appraisal training to a range of organisations & individuals
  • Provide advice, quality assurance and legal witness expertise on appraisals
  • Knowledge of UK advice (e.g. Optimism Bias) and latest DFP guidance (NIGEAE)
  • Experience of over 100 economic appraisals and several departmental economists
Examples:

Antrim Borough Council EI (Urban Regeneration) Scheme – Economic Appraisal
Antrim Borough Council (ABC) initially sought a £0.5m Environmental Improvement Scheme. The project quickly expanded to cover additional streets with costs rising to £1.9m. This increase in scale and complexity created an impasse, stalling the project for many months. McGarry Consulting were called in to resolve the situation by completing a new and comprehensive economic appraisal in a tight timeframe.

Coiste Ghaeloideachais Chromghlinne - Family Centre Economic Appraisal
An Economic Appraisal into the redevelopment of Ionad Teaghlaigh Ghleann Darach (Gleann Darach Family Centre) in Crumlin. This one-storey building was also to be used as a family centre and was part of a much wider parish regeneration including a new primary school and access road. The development subsequently secured £250,000 under Measure 3.4 of the NI Rural Development Programme.