Although project appraisal has been a requirement before regeneration funding is given, it has been a source of confusion and difficulty for partnerships. In particular, there have been concerns about the design and operation of project appraisal systems within partnerships and the resulting quality of appraisals.

Project appraisal is an essential tool in regeneration and neighbourhood renewal, but audits of appraisal practice have found significant weaknesses. Effective project appraisal offers significant benefits to partnerships and, most importantly, to local communities.

A good appraisal justifies spending money on a project. It is an important tool in decision making and lays the foundation for delivery and evaluation. Getting the design and operation of appraisal systems right is important. The proper consideration of each of the key components of project appraisal is essential.

These are:

This document attempts to guide partnerships through the process of project appraisal. It considers some of the problems associated with project appraisal as well as the benefits it can offer when implemented correctly.

It then offers guidance on carrying out a successful appraisal including a checklist of questions worth asking when planning and designing appraisals. The document also provides sources of further reading.

The document sets out the core components of an effective project appraisal system before describing the key issues to consider in conducting an appraisal namely:

Projects, partnerships and individuals seeking to conduct, and develop systems for, project appraisal.

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Urban Policy > Economy knowledge & employment

Training