Research and analysis

Value for Money (VfM) study on the governance and budgeting arrangements for mega projects

The conclusions of the study conducted by the Office for Value for Money (OVfM) on the governance and budgeting arrangements for mega projects

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This paper sets out the conclusions of the study conducted by the Office for Value for Money (OVfM), working in partnership with relevant government departments, on the governance and budgeting arrangements of mega projects. It includes the new bespoke approach to funding and governance that will be implemented for current and future mega projects.

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Published 19 June 2025

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