Page 273 - Minutes of meeting

Appendix B - Prioritisation Framework for the Barrow Town Investment Plan

Question for Board: Do you agree with the PDG on the seven CSFs that will be used to
filter and prioritise projects?

Developing the Long List

1.8 The Plan Development Group has been developing a long list of potential projects which
respond to identified need and opportunity in Barrow. This process is iterative and is
informed by the evidence of need as outlined in the draft Socio-Economic Narrative and
continued stakeholder engagement.
1.9 The long list itself will have some status in the final Town Investment Plan to show the
strength of the process you have been through. Ensuring a robust long list is therefore a
vital step in the development of a compelling Town Investment Plan.

Making Choices

How Many Projects?

1.10 Once initial prioritisation of the long list has occurred, we will need to ask the Board to take
some key decisions on the number of projects that will anchor the Town Investment Plan.
These decisions will be influenced by several factors including:
• The Board’s view of the relative importance of the Critical Success Factors i.e.
transformational impact may lend itself to a smaller number of headline projects,
whilst inclusive impact may lend itself to a larger number of projects
• The scaleability of projects to respond to multiple Critical Success Factors which
may facilitate packaging of smaller projects
• The potential of projects to secure alternative sources of funding. This will be a key
consideration as the Town Deal will not be able to deliver everything and the focus
will need to be on a clear case for intervention where there is an identifiable funding
gap.

Weighted Choices?

1.11 The Town Plan Development Group discussed scenarios by which the long list of projects
can be prioritised. It is anticipated that approximately four scenarios will be run to inform
prioritisation:
• Scenario 1: equal weighting given to all seven Critical Success Factors
• Scenarios 2-4: where selected Critical Success Factors are prioritised – say by
boosting the importance of deliverability - and given a higher weighting. There is
also the possibility that CSF1 (Fit with Objectives) could also be weighted so that fit
with certain Strategic Objectives are given enhanced importance.
1.12 This approach will be quantified using the Long List in Microsoft Excel to generate different
scenarios for consideration by the Board.
1.13 An illustrative example of how we would propose to score the projects is provided below.

Private and confidential
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