How will the applications be assessed?
Applications are determined against the criteria and assessed on a case-by-case basis. Scrutiny is undertaken by our multi-disciplinary team with the support usually of external expert support. Final scrutiny will usually be undertaken by the statutory Industrial Development Advisory Board (IDAB) which is an independent non-governmental body of senior businesspeople constituted to advise Ministers on important industrial and business decisions for HMG. The issues to be considered under either scrutiny process include: • ‘Additionality’, i.e. it is a project that, without HMG support, would not happen • The wider economic and social benefits (for example, spillover benefits to the industry as a whole) must be greater than any HMG support involved in giving a guarantee or loan; • Overall value for money to the tax payer – viability, diligence challenge of assumptions, sensitivities, negotiation (see separate financial diligence sheet) – demonstrated through extensive H.M. Treasury ‘Green
