The Treasury’s new approach to appraising projects will make it easier to deliver housing and transport in the regions and enable better place-making, according to sector experts.

The government yesterday, alongside the spending review, published the findings of its review into the ‘green book’ methodology it uses to assess the cost and benefits of projects.

It outlined a number of significant changes, including the introduction of ‘place-based business cases’ bringing together different projects, such as housing and transport, needed to achieve the objectives of a particular area.