Consultation on the Value for Money Standard
Applies to England
Read the full outcome
Detail of outcome
We will introduce the new Value for Money Standard and a supporting Code of Practice from 1 April 2018.
皇冠体育app Decision statement contains the final outcome of the consultation.
皇冠体育app Decision Instrument records the regulator鈥檚 decision about the Value for Money Standard.
皇冠体育app feedback on the Value for Money Metrics Technical Note is published separately on our website.
We have written to providers and we have issued a press release.
Feedback received
Detail of feedback received
Responses to the consultation (with details redacted) are published above.
An analysis of the responses is outlined in the Decision Statement.
Original consultation
Consultation description
皇冠体育app existing Value for Money Standard, introduced in 2012, has had a positive impact, encouraging board engagement in driving improvements and supporting a greater level of transparency and accountability across the sector.
皇冠体育app proposed Standard aims to build on the progress made and move the focus of our regulatory approach away from the primarily narrative self-assessment to more outcome-based reporting from registered providers on targets, including a suite of metrics to be defined, from time to time, by the regulator. It places value for money at the heart of the business.
This consultation is an opportunity for interested persons and organisations to influence how the VfM Standard and the associated Code of Practice are developed and implemented.
皇冠体育app current VfM Standard can be found on the Regulatory Standards page.
皇冠体育app regulator has written a letter to registered providers and also issued a press release.
Documents
Updates to this page
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Value for Money consultation - response published (9 March 2018).
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First published.