Mutual Ventures

Our guide to ‘Levelling Up’ and HM Treasury’s Green Book

One of the key objectives of the Spending Review 2020 was to change how the government invests in places by putting “levelling up” at the heart of policy making. To support this shift, HM Treasury has published a refreshed Green Book, providing more guidance on how to assess potential investments to help achieve the aim of addressing regional imbalances.

The Green Book is the government’s guidance on options appraisals which concern public spending and the use of public assets.

Our new guide – What’s new in the Green Book – presents a summary of some of the key updates. It is not intended to be comprehensive. It provides local authorities with practical guidance on how to apply the latest changes to their business cases to maximise value for money and outcomes for the local populations they serve.

The guide is based on our practical experience of supporting local authorities to develop robust business cases to apply for government funding. We hope you will find it useful!

Download a copy of our Green Book guide here.


View a short video introduction to Levelling Up and the changes to the Green Book from MV’s Managing Director Andrew Laird

View HM Treasury’s official Green Book site here.

For information on our work on options appraisals, business cases and Levelling Up, contact Andrew Laird