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Transport Innovation Fund

Volume 450: debated on Monday 23 October 2006

To ask the Secretary of State for Transport what criteria will be used to judge the next round of bidding for Transport Innovation Fund grants; and if he will make a statement. (95559)

The January 2006 Transport Innovation Fund guidance (http://www.dft.gov.uk/stellent/groups/dft_about/documents/pdf/dft_about_ pdf_611056.pdf) set out the requirements bidders would need to satisfy to reach TIF programme entry. Schemes will be judged by their performance against five main criteria:

a. Fit with national, regional and local strategy.

b. Economic appraisal and value for money—based on the DfT's New Approach to Appraisal ("NATA");

c. Deliverability—based on the methodology for the development of a Major Scheme Business Case;

d. Financial—Funding sources, financial risk and financial sustainability;

e. Commercial—the strategy for procurement and management of commercial risks.

Further detailed guidance on business case requirements will be published shortly.