This content was archived on 6 December 2021
Project prioritisation process and framework
This framework is shown below:
Margate_Scoring themes_V3
The Board followed a number of steps to decide on which projects should be prioritised and included in the project list for the £22.2m investment:
- Using the framework developed by PRD Ltd, the Board reviewed each project and agreed the scores attributed to each project by the consultants. The weightings for the scoring had been agreed by the Board before the discussion on individual projects to ensure the choice was outcome and results based, rather than project led.
- The project team and consultants then provided additional information to the Board to help it finalise its decision and how much public investment was needed for each.
- After a series of meetings, on Friday 14 May the Margate Town Deal Board agreed the final list of projects, with provisional funding allocations. All projects that have been prioritised will still need to meet the requirements of the Business Case phase and due diligence requirements (over the next 12 months) before any funding is finally approved.
The Board is not required to submit a revised Town Investment Plan, but on 08 June 2021 submitted the final Project List (and accompanying spend profiles and identified business cases) to MHCLG. There is now a period of upto 12 months for business case development and only once these business cases are approved by MHCLG that the Town Deal funds will be received by the accountable body and the five year delivery phase of projects can begin.