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Office for Value for Money will focus on ‘mega projects’

14 April 2025
Issue: 4981 / Categories: News

The government recently published a series of new documents on the Office for Value for Money (OVfM) which address issues raised by the Treasury committee in its report earlier this year.

Committee members were concerned about the cost-saving unit due to a perceived lack of resources very short lifespan and high risk of duplication.

In its response the Treasury has provided more detail about what the OVfM will do along with several new commitments to transparency.

It confirms that the OVfM will have two initial areas of focus: governance and budgeting arrangements for ‘mega projects’ and procuring short-term residential accommodation for groups such as prison leavers and asylum seekers.

The Treasury also stated that the OVfM will not bring in any external consultants to support in its work relying on around 15 full time employees.

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