Reform of Board Scheme Cost Assessment (SCA)

DLUHC has issued the final regulations and published its response to the consultation on reforming the SAB’s own parallel process for reviewing scheme cost. This is the process set out in Regulation 116 of the 2013 Regulations, which runs during the HM Treasury-led quadrennial scheme valuation process. The changes take into account SAB’s response to the consultation and better align the SCA with HMT’s reformed cost control mechanism (CCM).

It helpfully re-iterates that the SAB process operates prior to the HMT CCM and gives the SAB greater flexibility in the making of recommendations to the Secretary of State where there is a breach. However, it leaves open for further discussion the link with the new “economic check” in the CCM.