Page 274 - Minutes of meeting

Appendix B - Prioritisation Framework for the Barrow Town Investment Plan

Figure 1.1 Example Project Scoring Approach

Project A Project B Project C Project D Project E
Critical Success Factors
Strength of fit with vision and objectives
Evidence of market failure
Contribution to levelling up [productivity]
Delivering inclusive growth/good growth
Realising benefits of aligned initiatives
Deliverability within TIP time frame
Financially sustainable

Question for Board: Do you have strong views on enhanced weighting that should be
given to particular strategic objectives or to particular critical success factors? If so, where
should the emphasis lie and to what degree?

1.14 It would be very useful for the Board to give a steer on these matters at this juncture. There
will of course be another opportunity for the Board to engage on this topic when we hold
the actual short-list decision workshop scheduled for 15th May.

After the Priority Projects have been Selected

1.15 Once the priority projects are selected the PDG, with Hatch Regeneris, will work intensively
to sharpen their focus and assemble all the necessary information and analysis required to
make them compelling projects. This will include for each project:

• Strategic case for investment
• Powerful market failure case – a key requirement for MHCLG
• Financial profile

• Delivery and governance
• Impacts to be achieved and a persuasive Value for Money assessment.

Hatch Regeneris
8 April 2020

Private and confidential
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