Member

On the basics, I point noble Lords to chapter 8 of the consultation document, which sets out the proposals about the detailed assessment process. It says that schemes will be expected to input data on investment performance, costs and charges and quality of service into a central VFM database. The database will enable arrangements to be assessed against a commercial market comparator group. Value will therefore be assessed on a relative basis with ratings determined by where schemes sit in relation to one another within the comparator set. I hope that that is helpful.