Undertaken by the Trust a judgement balancing the results of PVA

1
The Test has two main components. The PVT itself
is the Trusts judgement based on these

• Undertaken by the Trust a judgement balancing
  the results of PVA MIA

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2
Within a PVT, three hurdles must be crossed
Public Value Test (PVT)
3rd hurdle
Market Impact Assessment (MIA)
Economic Value
Public Value Assessment (PVA)
Crowding Out
Fit with Purposes
1st hurdle
Quality Distinctiveness
Impact
2nd hurdle
Reach
Cost and VFM
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