PLACE GUIDE: A PROCESS FOR IMPROVED PLACE-BASED DECISION MAKING SCOTTISH FUTURES TRUST
10
Place as a framework for investment Business case developments
Even within ‘normal’ programme and project environments, Place-based approaches can support or influence strategic or initial assessments, or Outline Business Cases (OBCs) or the wider Scottish Capital Investment Manual (SCIM) processes for investments.
Throughout this Place Guide, through each process step, consideration is given to how project leads can use/re-use work on business cases in a Place-based initiative, and vice versa. That is not solely in the economic or financial components but especially within these contexts the ‘strategic case for change’ (the ‘need’) and the management arrangements (incorporating the collective leadership, anchor collaborations and authorising environments).
(Strategic) • What is the context for this Place initiative?
• What opportunities & challenges are we attempting to address?
• What are the immediate imperatives for change? • Who are the key stakeholders? • What benefits are expected? • What interdependencies does this Place initiative have?*
(Economic) • What groupings of options have been identified? • What options were appraised?
• How has Place Principle been applied to optimise relationships, connections and infrastructure?
• What are the preferred options?
(Financial) • How could this Place initiative be funded and resourced?
(Commercial) • How could options be sourced and delivered in partnership?
(Management) • How will this Place initiative be governed and managed? • How will this initiative engage with stakeholders? • How will this initiative manage and realise benefits?
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